Midnight Sun Mining Corp. (CVE:MMA - Get Free Report)'s share price was up 3.9% during trading on Thursday . The stock traded as high as C$0.57 and last traded at C$0.53. Approximately 437,099 shares traded hands during trading, an increase of 90% from the average daily volume of 230,515 shares. The stock had previously closed at C$0.51.
Midnight Sun Mining Stock Performance
The company has a current ratio of 45.60, a quick ratio of 3.91 and a debt-to-equity ratio of 1.69. The company has a market cap of C$92.36 million, a price-to-earnings ratio of -36.08 and a beta of 0.93. The stock has a 50 day moving average price of C$0.59 and a two-hundred day moving average price of C$0.61.
Insider Activity at Midnight Sun Mining
In other news, Director Allan John Fabbro acquired 175,000 shares of Midnight Sun Mining stock in a transaction that occurred on Tuesday, May 13th. The shares were acquired 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 currently owned by corporate 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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