Midnight Sun Mining Corp. (CVE:MMA – Get Free Report) shot up 16.9% on Thursday . The company traded as high as C$1.46 and last traded at C$1.45. 1,212,448 shares traded hands during trading, an increase of 247% from the average session volume of 349,507 shares. The stock had previously closed at C$1.24.
Midnight Sun Mining Stock Down 1.4%
The company has a market cap of C$290.32 million, a P/E ratio of -47.67 and a beta of 1.71. The stock has a 50-day moving average of C$1.29 and a two-hundred day moving average of C$0.86. The company has a debt-to-equity ratio of 1.69, a quick ratio of 3.91 and a current ratio of 45.60.
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.
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