Midnight Sun Mining Corp. (CVE:MMA - Get Free Report) shares shot up 22.6% during trading on Wednesday . The company traded as high as C$0.67 and last traded at C$0.65. 1,499,264 shares changed hands during trading, an increase of 524% from the average session volume of 240,287 shares. The stock had previously closed at C$0.53.
Midnight Sun Mining Stock Performance
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 stock has a market cap of C$112.59 million, a P/E ratio of -68.00 and a beta of 0.93. The firm's fifty day moving average price is C$0.53 and its two-hundred day moving average price is C$0.46.
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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