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

Key Points

• Midnight Sun Mining Corp. experienced a significant stock price increase of 31%, trading as high as C$2.00 after closing at C$1.45.
• Approximately 1.23 million shares were traded, marking a 335% increase in volume compared to the daily average of 282,781 shares.
• The company focuses on the acquisition and exploration of mineral properties in Africa, primarily for copper, cobalt, nickel, and gold deposits.

Midnight Sun Mining Corp. (CVE:MMA - ) was up 31% on Saturday . The company traded as high as C$2.00 and last traded at C$1.90. Approximately 1,229,908 shares traded hands during mid-day 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 company has a 50-day moving average price of C$0.91 and a two-hundred day moving average price of C$0.70. The stock has a market capitalization of C$342.85 million, a P/E ratio of -63.33 and a beta of -0.08. The company has a current ratio of 45.60, a quick ratio of 3.91 and a debt-to-equity ratio of 1.69.

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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