Key Points
- Insider Brett Allan Richards purchased 203,300 Midnight Sun Mining shares at an average price of C$0.39, investing C$79,287 and increasing his position by 3.45%.
- Following the transaction, Richards owned 6,092,047 shares valued at approximately C$2.38 million.
- Midnight Sun Mining opened at C$0.40, with a market capitalization of C$87.03 million and a 52-week trading range of C$0.36 to C$1.78. The company explores for copper, cobalt, nickel, and gold in Africa, including its 60% interest in Zambia’s Solwezi licenses.
Midnight Sun Mining Corp. (CVE:MMA - Get Free Report) insider Brett Allan Richards purchased 203,300 shares of the firm's stock in a transaction on Friday, October 30th. The stock was acquired at an average price of C$0.39 per share, for a total transaction of C$79,287.00. Following the transaction, the insider owned 6,092,047 shares of the company's stock, valued at C$2,375,898.33. The trade was a 3.45% increase in their position.
Midnight Sun Mining Price Performance
CVE MMA opened at C$0.40 on Tuesday. 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 stock has a market capitalization of C$87.03 million, a P/E ratio of -2.67 and a beta of 3.09. The business's fifty day moving average is C$0.55 and its two-hundred day moving average is C$0.91. Midnight Sun Mining Corp. has a 1 year low of C$0.36 and a 1 year high of C$1.78.
Midnight Sun Mining Company Profile
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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.
Further Reading
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