Midnight Sun Mining (CVE:MMA) Shares Up 3.8% - Here's What Happened

Shares of Midnight Sun Mining Corp. (CVE:MMA - Get Free Report) traded up 3.8% on Friday . The stock traded as high as C$0.55 and last traded at C$0.55. 82,762 shares changed hands during mid-day trading, a decline of 69% from the average session volume of 262,903 shares. The stock had previously closed at C$0.53.

Midnight Sun Mining Stock Up 11.1%

The company's 50-day moving average price is C$0.59 and its 200 day moving average price is C$0.62. The stock has a market cap of C$104.56 million, a PE ratio of -40.85 and a beta of 0.93. The company has a debt-to-equity ratio of 1.69, a quick ratio of 3.91 and a current ratio of 45.60.

Insider Buying and Selling at Midnight Sun Mining

In other Midnight Sun Mining news, Director Allan John Fabbro bought 175,000 shares of Midnight Sun Mining stock in a transaction that occurred on Tuesday, May 13th. The shares were bought at an average cost of C$0.60 per share, with a total value of C$105,000.00. Corporate insiders own 5.98% of the company's stock.

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.