Midnight Sun Mining (CVE:MMA) Trading 51.3% Higher – Here’s Why

Midnight Sun Mining Corp. (CVE:MMA)’s share price rose 51.3% during trading on Friday . The stock traded as high as C$0.59 and last traded at C$0.59. Approximately 1,480,653 shares traded hands during trading, an increase of 688% from the average daily volume of 187,992 shares. The stock had previously closed at C$0.39.

Midnight Sun Mining Price Performance

The business has a 50 day simple moving average of C$0.43 and a two-hundred day simple moving average of C$0.41. The firm has a market capitalization of C$97.69 million, a P/E ratio of -59.00 and a beta of 0.93. The company has a debt-to-equity ratio of 1.57, a quick ratio of 3.91 and a current ratio of 38.15.

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.