Shares of Midnight Sun Mining Corp. (CVE:MMA – Get Free Report) were up 22.6% during mid-day trading on Thursday . The stock traded as high as C$0.67 and last traded at C$0.65. Approximately 1,499,264 shares changed hands during trading, an increase of 524% from the average daily volume of 240,287 shares. The stock had previously closed at C$0.53.
Midnight Sun Mining Price Performance
The stock has a market capitalization of C$107.62 million, a P/E ratio of -65.00 and a beta of 0.93. The company has a 50 day moving average of C$0.52 and a 200-day moving average of C$0.45. The company has a quick ratio of 3.91, a current ratio of 38.15 and a debt-to-equity ratio of 1.57.
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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