Shares of Midnight Sun Mining Corp. (CVE:MMA - Get Free Report) rose 24.5% during mid-day trading on Wednesday . The stock traded as high as C$0.66 and last traded at C$0.66. Approximately 523,154 shares traded hands during trading, an increase of 196% from the average daily volume of 176,582 shares. The stock had previously closed at C$0.53.
Midnight Sun Mining Price Performance
The stock has a market capitalization of C$109.28 million, a P/E ratio of -66.00 and a beta of 0.93. The company has a debt-to-equity ratio of 1.57, a current ratio of 38.15 and a quick ratio of 3.91. The company's 50 day simple moving average is C$0.52 and its two-hundred day simple moving average is C$0.45.
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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