Midnight Sun Mining Corp. (CVE:MMA - Get Free Report) shares rose 3.9% on Thursday . The stock traded as high as C$0.57 and last traded at C$0.53. Approximately 437,099 shares changed hands during mid-day 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 Price Performance
The firm's 50-day moving average is C$0.59 and its two-hundred day moving average is C$0.61. The company has a market cap of C$94.10 million, a P/E ratio of -36.76 and a beta of 0.93. The company has a debt-to-equity ratio of 1.69, a current ratio of 45.60 and a quick ratio of 3.91.
Insider Buying and Selling
In other news, Director Allan John Fabbro acquired 175,000 shares of the company's stock in a transaction on Tuesday, May 13th. The stock was bought 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 company 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.
Further Reading
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