Brett Allan Richards Purchases 135,300 Shares of Midnight Sun Mining (CVE:MMA) Stock

Midnight Sun Mining Corp. (CVE:MMA) insider Brett Allan Richards purchased 135,300 shares of the firm’s stock in a transaction on Wednesday, July 8th. The shares were purchased at an average cost of C$0.57 per share, for a total transaction of C$77,121.00. Following the completion of the purchase, the insider directly owned 5,758,747 shares in the company, valued at C$3,282,485.79. The trade was a 2.41% increase in their ownership of the stock.

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

• On Monday, July 6th, Brett Allan Richards acquired 57,300 shares of Midnight Sun Mining stock. The stock was purchased at an average cost of C$0.58 per share, with a total value of C$33,234.00.
• On Tuesday, July 7th, Brett Allan Richards acquired 192,000 shares of Midnight Sun Mining stock. The shares were purchased at an average cost of C$0.58 per share, for a total transaction of C$111,360.00.
• On Friday, June 12th, Brett Allan Richards bought 25,500 shares of Midnight Sun Mining stock. The shares were purchased at an average price of C$0.84 per share, for a total transaction of C$21,420.00.
• On Friday, June 12th, Brett Allan Richards bought 127,103 shares of Midnight Sun Mining stock. The shares were purchased at an average price of C$0.87 per share, for a total transaction of C$110,579.61.

Midnight Sun Mining Stock Up 4.4%

MMA stock opened at C$0.59 on Friday. The company has a 50 day moving average price of C$0.89 and a two-hundred day moving average price of C$1.18. The company has a debt-to-equity ratio of 0.58, a quick ratio of 3.91 and a current ratio of 13.58. The stock has a market capitalization of C$128.27 million, a P/E ratio of -4.58 and a beta of 2.42. Midnight Sun Mining Corp. has a one year low of C$0.53 and a one year high of C$2.00.

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.