Shares of Midnight Sun Mining Corp. (CVE:MMA - Get Free Report) shot up 51.3% during mid-day trading on Saturday . The company traded as high as C$0.59 and last traded at C$0.59. 1,480,653 shares traded hands during trading, an increase of 688% from the average session volume of 187,992 shares. The stock had previously closed at C$0.39.
Midnight Sun Mining Price Performance
The stock has a market cap of C$97.69 million, a price-to-earnings ratio of -59.00 and a beta of 0.93. The company has a 50 day simple moving average of C$0.44 and a 200-day simple moving average of C$0.41. The company has a current ratio of 38.15, a quick ratio of 3.91 and a debt-to-equity ratio of 1.57.
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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