Midnight Sun Mining Corp. (CVE:MMA – Get Free Report)’s stock price shot up 22.6% on Wednesday . The stock traded as high as C$0.67 and last traded at C$0.65. 1,138,824 shares changed hands during trading, an increase of 412% from the average session volume of 222,240 shares. The stock had previously closed at C$0.53.
Midnight Sun Mining Price Performance
The company has a current ratio of 38.15, a quick ratio of 3.91 and a debt-to-equity ratio of 1.57. The company has a 50 day moving average of C$0.52 and a 200-day moving average of C$0.45. The firm has a market capitalization of C$107.62 million, a P/E ratio of -65.00 and a beta of 0.93.
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.
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