Midnight Sun Mining (CVE:MMA) Trading 22.6% Higher - Here's Why

Midnight Sun Mining Corp. (CVE:MMA - Get Free Report) traded up 22.6% on Wednesday . The stock traded as high as C$0.67 and last traded at C$0.65. 798,724 shares changed hands during mid-day trading, an increase of 292% from the average session volume of 203,655 shares. The stock had previously closed at C$0.53.

Midnight Sun Mining Price Performance

The company has a market capitalization of C$105.96 million, a P/E ratio of -64.00 and a beta of 0.93. The company has a quick ratio of 3.91, a current ratio of 38.15 and a debt-to-equity ratio of 1.57. The business has a 50 day simple moving average of C$0.52 and a 200-day simple moving average of C$0.45.

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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