Midnight Sun Mining (CVE:MMA) Trading 16.4% Higher - Here's Why

Key Points

• Midnight Sun Mining Corp. shares rose by 16.4% on Thursday, closing at C$0.78 after trading as high as C$0.78, with trading volume up 75% from the average session volume.
• The company's market capitalization stands at C$137.66 million with a PE ratio of -53.78 and significant liquidity, indicated by a current ratio of 45.60.
• Midnight Sun Mining engages in the exploration of mineral properties in Africa, primarily focusing on copper, cobalt, nickel, and gold deposits, and holds a 60% interest in the Solwezi licenses in Zambia.

Midnight Sun Mining Corp. (CVE:MMA - )'s share price traded up 16.4% on Thursday . The stock traded as high as C$0.78 and last traded at C$0.78. 453,778 shares traded hands during trading, an increase of 75% from the average session volume of 259,953 shares. The stock had previously closed at C$0.67.

Midnight Sun Mining Trading Up 17.9%

The firm has a market capitalization of C$137.66 million, a PE ratio of -53.78 and a beta of 0.93. The firm's fifty day moving average is C$0.59 and its two-hundred day moving average is C$0.62. The company has a debt-to-equity ratio of 1.69, a current ratio of 45.60 and a quick ratio of 3.91.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.