Midnight Sun Mining Corp. (CVE:MMA – Get Free Report) insider Brett Allan Richards purchased 203,300 shares of Midnight Sun Mining stock in a transaction dated Friday, October 30th. The shares were acquired at an average cost of C$0.39 per share, for a total transaction of C$79,287.00. Following the transaction, the insider directly owned 6,092,047 shares of the company’s stock, valued at approximately C$2,375,898.33. This represents a 3.45% increase in their position.
Midnight Sun Mining Stock Down 1.3%
Shares of CVE MMA opened at C$0.40 on Wednesday. The stock has a market cap of C$85.94 million, a P/E ratio of -2.63 and a beta of 3.09. The business’s fifty day simple moving average is C$0.54 and its 200-day simple moving average is C$0.90. Midnight Sun Mining Corp. has a 12-month low of C$0.36 and a 12-month high of C$1.78. The company has a current ratio of 11.09, a quick ratio of 3.91 and a debt-to-equity ratio of 0.67.
About Midnight Sun Mining
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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