Brett Allan Richards Acquires 57,300 Shares of Midnight Sun Mining (CVE:MMA) Stock

Midnight Sun Mining Corp. (CVE:MMA) insider Brett Allan Richards bought 57,300 shares of the stock in a transaction on Monday, July 6th. The shares were bought at an average price of C$0.58 per share, for a total transaction of C$33,234.00. Following the purchase, the insider directly owned 5,431,447 shares in the company, valued at approximately C$3,150,239.26. This trade represents a 1.07% increase in their position.

Brett Allan Richards also recently made the following trade(s):

• On Tuesday, July 7th, Brett Allan Richards purchased 192,000 shares of Midnight Sun Mining stock. The shares were bought at an average cost of C$0.58 per share, for a total transaction of C$111,360.00.
• On Wednesday, July 8th, Brett Allan Richards purchased 135,300 shares of Midnight Sun Mining stock. The stock was bought at an average price of C$0.57 per share, with a total value of C$77,121.00.
• On Friday, June 12th, Brett Allan Richards acquired 25,500 shares of Midnight Sun Mining stock. The shares were bought at an average cost of C$0.84 per share, with a total value of C$21,420.00.
• On Friday, June 12th, Brett Allan Richards acquired 127,103 shares of Midnight Sun Mining stock. The shares were bought at an average cost of C$0.87 per share, with a total value of C$110,579.61.

Midnight Sun Mining Stock Up 4.4%

Shares of Midnight Sun Mining stock opened at C$0.59 on Friday. Midnight Sun Mining Corp. has a twelve month low of C$0.53 and a twelve month high of C$2.00. The company has a quick ratio of 3.91, a current ratio of 13.58 and a debt-to-equity ratio of 0.58. The company’s 50 day moving average is C$0.89 and its 200 day moving average is C$1.18. The company has a market cap of C$128.27 million, a price-to-earnings ratio of -4.58 and a beta of 2.42.

About Midnight Sun Mining

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. in February 2011. Midnight Sun Mining Corp. was incorporated in 2007 and is headquartered in Vancouver, Canada.