Shares of Midnight Sun Mining Corp. (CVE:MMA – Get Free Report) 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 Stock Performance
The stock has a 50 day moving average price of C$0.44 and a two-hundred day moving average price of C$0.41. The company has a debt-to-equity ratio of 1.57, a current ratio of 38.15 and a quick ratio of 3.91. The company has a market capitalization of C$97.69 million, a price-to-earnings ratio of -59.00 and a beta of 0.93.
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.
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