Midnight Sun Mining Corp. (CVE:MMA – Get Free Report)’s share price reached a new 52-week low on Monday. The stock traded as low as C$0.46 and last traded at C$0.49, with a volume of 450548 shares traded. The stock had previously closed at C$0.46.
Midnight Sun Mining Stock Up 6.5%
The stock has a 50 day simple moving average of C$0.64 and a 200-day simple moving average of C$0.85. The firm has a market cap of C$106.61 million, a PE ratio of -3.27 and a beta of 3.01. The company has a debt-to-equity ratio of 0.67, a current ratio of 11.09 and a quick ratio of 3.91.
Insider Transactions at Midnight Sun Mining
In other news, insider Brett Allan Richards acquired 192,000 shares of the business’s stock in a transaction that occurred on Tuesday, July 7th. The shares were bought at an average cost of C$0.58 per share, with a total value of C$111,360.00. Following the transaction, the insider owned 5,623,447 shares of the company’s stock, valued at C$3,261,599.26. This trade represents a 3.53% increase in their position. 5.98% of the stock is currently owned by insiders.
Midnight Sun Mining Company Profile
Midnight Sun Mining Corp. engages in the acquisition and exploration of mineral properties in Africa. The company primarily explores for copper, cobalt, nickel, and gold deposits. It owns a 60% interest in the Solwezi licenses located in Zambia. The company was formerly known as Midnight Sun Capital Corporation and changed its name to Midnight Sun Mining Corp. in February 2011. Midnight Sun Mining Corp. was incorporated in 2007 and is headquartered in Vancouver, Canada.
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