Midnight Sun Mining (CVE:MMA) Stock Price Up 1.7% - Here's What Happened

Shares of Midnight Sun Mining Corp. (CVE:MMA - Get Free Report) traded up 1.7% during trading on Tuesday . The company traded as high as C$0.62 and last traded at C$0.61. 72,153 shares traded hands during mid-day trading, a decline of 77% from the average session volume of 310,194 shares. The stock had previously closed at C$0.60.

Midnight Sun Mining Stock Performance

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 stock has a 50 day simple moving average of C$0.67 and a 200 day simple moving average of C$0.50. The company has a market capitalization of C$109.78 million, a price-to-earnings ratio of -42.89 and a beta of 0.93.

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.