Midnight Sun Mining (CVE:MMA) Insider Brett Allan Richards Purchases 203,300 Shares of Stock

Midnight Sun Mining Corp. (CVE:MMA) insider Brett Allan Richards bought 203,300 shares of Midnight Sun Mining stock in a transaction dated Friday, October 30th. The stock was purchased at an average price of C$0.39 per share, for a total transaction of C$79,287.00. Following the purchase, the insider directly owned 6,092,047 shares in the company, valued at C$2,375,898.33. This represents a 3.45% increase in their position.

Midnight Sun Mining Price Performance

Shares of CVE MMA traded up C$0.01 during mid-day trading on Monday, hitting C$0.41. 158,061 shares of the stock were exchanged, compared to its average volume of 457,146. Midnight Sun Mining Corp. has a twelve month low of C$0.36 and a twelve month high of C$1.78. The stock’s fifty day simple moving average is C$0.56 and its two-hundred day simple moving average is C$0.92. The company has a debt-to-equity ratio of 0.67, a quick ratio of 3.91 and a current ratio of 11.09. The company has a market cap of C$88.12 million, a P/E ratio of -2.70 and a beta of 3.09.

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