Midnight Sun Mining (CVE:MMA) Stock Price Up 31% - Here's What Happened

Key Points

• Midnight Sun Mining Corp. (CVE:MMA) saw its share price increase by 31%, reaching a last trade of C$1.90 after closing at C$1.45.
• Trading volume surged by 335% with approximately 1,229,908 shares exchanged, compared to the average daily volume of 282,781 shares.
• The company primarily focuses on exploring mineral properties in Africa, holding a 60% interest in copper, cobalt, nickel, and gold deposits in Zambia.

Midnight Sun Mining Corp. (CVE:MMA - )'s share price rose 31% on Saturday . The stock traded as high as C$2.00 and last traded at C$1.90. Approximately 1,229,908 shares were traded during trading, an increase of 335% from the average daily volume of 282,781 shares. The stock had previously closed at C$1.45.

Midnight Sun Mining Stock Performance

The firm has a market capitalization of C$342.85 million, a price-to-earnings ratio of -63.33 and a beta of -0.08. The firm's 50-day moving average price is C$0.91 and its two-hundred day moving average price is C$0.70. The company has a debt-to-equity ratio of 1.69, a quick ratio of 3.91 and a current ratio of 45.60.

Midnight Sun Mining Company Profile

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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