Midnight Sun Mining (CVE:MMA) Insider Brett Allan Richards Acquires 135,300 Shares of Stock

Midnight Sun Mining Corp. (CVE:MMA) insider Brett Allan Richards acquired 135,300 shares of Midnight Sun Mining stock in a transaction that occurred on Wednesday, July 8th. The shares were bought at an average price of C$0.57 per share, with a total value of C$77,121.00. Following the transaction, the insider directly owned 5,758,747 shares in the company, valued at approximately C$3,282,485.79. This trade represents a 2.41% increase in their ownership of the stock.

Brett Allan Richards also recently made the following trade(s):

• On Monday, July 6th, Brett Allan Richards bought 57,300 shares of Midnight Sun Mining stock. The stock was purchased at an average price of C$0.58 per share, with a total value of C$33,234.00.
• On Tuesday, July 7th, Brett Allan Richards purchased 192,000 shares of Midnight Sun Mining stock. The stock was acquired at an average cost of C$0.58 per share, with a total value of C$111,360.00.
• On Friday, June 12th, Brett Allan Richards acquired 25,500 shares of Midnight Sun Mining stock. The shares were bought at an average price of C$0.84 per share, for a total transaction of C$21,420.00.
• On Friday, June 12th, Brett Allan Richards acquired 127,103 shares of Midnight Sun Mining stock. The stock was purchased at an average cost of C$0.87 per share, for a total transaction of C$110,579.61.

Midnight Sun Mining Price Performance

Shares of Midnight Sun Mining stock opened at C$0.57 on Thursday. The company has a current ratio of 13.58, a quick ratio of 3.91 and a debt-to-equity ratio of 0.58. The company’s 50-day moving average price is C$0.90 and its two-hundred day moving average price is C$1.18. Midnight Sun Mining Corp. has a 52 week low of C$0.53 and a 52 week high of C$2.00. The stock has a market cap of C$122.89 million, a PE ratio of -4.38 and a beta of 2.42.

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. in February 2011. Midnight Sun Mining Corp. was incorporated in 2007 and is headquartered in Vancouver, Canada.