Midnight Sun Mining Corp. (CVE:MMA – Get Free Report) rose 20.8% during trading on Thursday . The company traded as high as C$0.29 and last traded at C$0.29. Approximately 139,500 shares were traded during trading, an increase of 97% from the average daily volume of 70,919 shares. The stock had previously closed at C$0.24.
Midnight Sun Mining Price Performance
The firm has a 50 day moving average price of C$0.25 and a two-hundred day moving average price of C$0.25. The company has a market cap of C$30.83 million, a P/E ratio of -13.00 and a beta of 0.70. The company has a debt-to-equity ratio of 0.38, a quick ratio of 3.91 and a current ratio of 0.60.
Insider Buying and Selling at Midnight Sun Mining
In other Midnight Sun Mining news, Director Allan John Fabbro purchased 850,000 shares of the stock in a transaction dated Thursday, March 14th. The shares were bought at an average price of C$0.23 per share, with a total value of C$195,585.00. Insiders own 9.34% of the company’s stock.
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, 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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