Midnight Sun Mining Corp. (CVE:MMA - Get Free Report)'s stock price rose 3.8% during trading on Thursday . The stock traded as high as C$0.57 and last traded at C$0.55. Approximately 283,900 shares traded hands during mid-day trading, an increase of 9% from the average daily volume of 261,502 shares. The stock had previously closed at C$0.53.
Midnight Sun Mining Stock Performance
The company's 50 day simple moving average is C$0.59 and its 200 day simple moving average is C$0.62. 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 stock has a market cap of C$95.84 million, a PE ratio of -37.44 and a beta of 0.93.
Insider Buying and Selling
In other news, Director Allan John Fabbro purchased 175,000 shares of the business's stock in a transaction on Tuesday, May 13th. The stock was purchased at an average cost of C$0.60 per share, with a total value of C$105,000.00. 5.98% of the stock is currently owned by insiders.
About Midnight Sun Mining
(
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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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