Brett Allan Richards Buys 57,300 Shares of Midnight Sun Mining (CVE:MMA) Stock

Midnight Sun Mining Corp. (CVE:MMA) insider Brett Allan Richards purchased 57,300 shares of the firm’s stock in a transaction on Monday, July 6th. The shares were purchased at an average cost of C$0.58 per share, with a total value of C$33,234.00. Following the completion of the transaction, the insider owned 5,431,447 shares of the company’s stock, valued at approximately C$3,150,239.26. The trade was a 1.07% increase in their position.

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

• On Tuesday, July 7th, Brett Allan Richards acquired 192,000 shares of Midnight Sun Mining stock. The stock was purchased at an average cost of C$0.58 per share, for a total transaction of C$111,360.00.
• On Wednesday, July 8th, Brett Allan Richards acquired 135,300 shares of Midnight Sun Mining stock. The shares were purchased at an average price of C$0.57 per share, with a total value of C$77,121.00.
• On Friday, June 12th, Brett Allan Richards bought 25,500 shares of Midnight Sun Mining stock. The shares were purchased at an average cost of C$0.84 per share, with a total value of C$21,420.00.
• On Friday, June 12th, Brett Allan Richards bought 127,103 shares of Midnight Sun Mining stock. The stock was purchased at an average price of C$0.87 per share, with a total value of C$110,579.61.

Midnight Sun Mining Stock Down 3.4%

MMA traded down C$0.02 during trading on Wednesday, hitting C$0.57. The stock had a trading volume of 435,709 shares, compared to its average volume of 556,355. The stock has a 50 day simple moving average of C$0.90 and a two-hundred day simple moving average of C$1.18. The company has a debt-to-equity ratio of 0.58, a quick ratio of 3.91 and a current ratio of 13.58. Midnight Sun Mining Corp. has a twelve month low of C$0.53 and a twelve month high of C$2.00. The company has a market capitalization of C$122.89 million, a PE ratio of -4.38 and a beta of 2.42.

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.