Midnight Sun Mining (CVE:MMA) Trading Up 16.9% – Here’s Why

Midnight Sun Mining Corp. (CVE:MMA – Get Free Report)’s share price shot up 16.9% during trading on Thursday . The stock traded as high as C$1.46 and last traded at C$1.45. 1,212,448 shares traded hands during mid-day trading, an increase of 246% from the average session volume of 350,151 shares. The stock had previously closed at C$1.24.

Midnight Sun Mining Stock Up 16.9%

The company has a quick ratio of 3.91, a current ratio of 45.60 and a debt-to-equity ratio of 1.69. The company has a fifty day simple moving average of C$1.28 and a 200 day simple moving average of C$0.85. The firm has a market capitalization of C$294.38 million, a P/E ratio of -48.33 and a beta of 1.71.

About Midnight Sun Mining

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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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