Midnight Sun Mining Corp. (CVE:MMA - Get Free Report) shares rose 20.8% on Wednesday . The stock traded as high as C$0.67 and last traded at C$0.64. Approximately 1,419,364 shares were traded during mid-day trading, an increase of 502% from the average daily volume of 235,792 shares. The stock had previously closed at C$0.53.
Midnight Sun Mining Stock Up 4.6 %
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 company has a market capitalization of C$112.59 million, a P/E ratio of -68.00 and a beta of 0.93. The firm has a 50-day moving average price of C$0.52 and a two-hundred day moving average price of C$0.45.
Midnight Sun Mining Company Profile
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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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