Midnight Sun Mining (CVE:MMA) Stock Price Up 5.1% - Here's What Happened

Key Points

• Midnight Sun Mining Corp. (CVE:MMA) saw its share price increase by 5.1%, reaching C$0.62 during trading, after closing at C$0.59.
• The company has a market capitalization of C$108.04 million and a debt-to-equity ratio of 1.69, indicating significant leverage.
• Director Allan John Fabbro purchased 175,000 shares for a total value of C$105,000 on May 13th, highlighting insider confidence in the stock.

Midnight Sun Mining Corp. (CVE:MMA - )'s share price was up 5.1% during trading on Thursday . The company traded as high as C$0.64 and last traded at C$0.62. Approximately 111,180 shares changed hands during mid-day trading, a decline of 58% from the average daily volume of 265,808 shares. The stock had previously closed at C$0.59.

Midnight Sun Mining Trading Up 5.1%

The company has a debt-to-equity ratio of 1.69, a quick ratio of 3.91 and a current ratio of 45.60. The company has a market capitalization of C$108.04 million, a P/E ratio of -42.21 and a beta of 0.93. The stock has a fifty day moving average of C$0.59 and a 200 day moving average of C$0.61.

Insider Activity at Midnight Sun Mining

In other Midnight Sun Mining news, Director Allan John Fabbro purchased 175,000 shares of the stock in a transaction that occurred on Tuesday, May 13th. The stock was purchased at an average price of C$0.60 per share, with a total value of C$105,000.00. 5.98% of the stock is owned by company insiders.

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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