Midnight Sun Mining (CVE:MMA) Trading 31% Higher - What's Next?

Key Points

• Midnight Sun Mining Corp. experienced a significant increase in share price, rising 31% to C$1.90 from its previous close of C$1.45.
• The company's trading volume surged to 1,229,908 shares, a remarkable 335% increase compared to the average session volume.
• Midnight Sun Mining holds a 60% interest in the Solwezi licenses located in Zambia, focusing on exploring copper, cobalt, nickel, and gold deposits.

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

Midnight Sun Mining Trading Up 31.0%

The company has a debt-to-equity ratio of 1.69, a current ratio of 45.60 and a quick ratio of 3.91. The company has a market cap of C$342.85 million, a price-to-earnings ratio of -63.33 and a beta of -0.08. The business has a 50 day simple moving average of C$0.91 and a 200 day simple moving average of C$0.70.

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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