Midnight Sun Mining Corp. (CVE:MMA – Get Free Report)’s stock price was down 6.2% during mid-day trading on Friday . The company traded as low as C$0.23 and last traded at C$0.23. Approximately 109,601 shares changed hands during trading, an increase of 49% from the average daily volume of 73,607 shares. The stock had previously closed at C$0.24.
Midnight Sun Mining Trading Down 4.2 %
The company has a debt-to-equity ratio of 0.38, a current ratio of 0.60 and a quick ratio of 3.91. The stock’s 50-day simple moving average is C$0.25 and its two-hundred day simple moving average is C$0.25. The firm has a market capitalization of C$27.27 million, a P/E ratio of -12.00 and a beta of 0.70.
Insider Buying and Selling
In related news, Director Allan John Fabbro purchased 850,000 shares of the stock in a transaction that occurred on Thursday, March 14th. The stock was bought at an average cost of C$0.23 per share, for a total transaction of C$195,585.00. 9.34% of the stock is owned by company insiders.
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, 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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