Midnight Sun Mining (CVE:MMA) Shares Up 51.3% – What’s Next?

Midnight Sun Mining Corp. (CVE:MMA)’s stock 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 changed hands during mid-day 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 firm has a 50-day simple moving average of C$0.44 and a two-hundred day simple moving average of C$0.41. 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. The company has a current ratio of 38.15, a quick ratio of 3.91 and a debt-to-equity ratio of 1.57.

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.