Midnight Sun Mining (CVE:MMA) Stock Price Up 20.8%

Midnight Sun Mining Corp. (CVE:MMA)’s stock price rose 20.8% on Thursday . The stock traded as high as C$0.29 and last traded at C$0.29. Approximately 139,500 shares changed hands during trading, an increase of 97% from the average daily volume of 70,919 shares. The stock had previously closed at C$0.24.

Midnight Sun Mining Price Performance

The company has a market cap of C$34.39 million, a price-to-earnings ratio of -12.00 and a beta of 0.70. The company has a fifty day moving average price of C$0.25 and a two-hundred day moving average price of C$0.25. The company has a current ratio of 0.60, a quick ratio of 3.91 and a debt-to-equity ratio of 0.38.

Insider Transactions at Midnight Sun Mining

In other news, Director Allan John Fabbro sold 485,000 shares of Midnight Sun Mining stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of C$0.22, for a total transaction of C$106,991.00. 9.34% of the stock is owned by insiders.

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, 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.