Midnight Sun Mining (CVE:MMA) Insider Purchases C$79,287.00 in Stock
by Kim Johansen · The Markets DailyMidnight Sun Mining Corp. (CVE:MMA – Get Free Report) insider Brett Allan Richards acquired 203,300 shares of the stock in a transaction on Friday, October 30th. The shares were purchased at an average cost of C$0.39 per share, with a total value of C$79,287.00. Following the transaction, the insider directly owned 6,092,047 shares of the company’s stock, valued at approximately C$2,375,898.33. This trade represents a 3.45% increase in their position.
Midnight Sun Mining Price Performance
Shares of CVE:MMA opened at C$0.45 on Thursday. The company has a debt-to-equity ratio of 0.67, a current ratio of 11.09 and a quick ratio of 3.91. The company has a market capitalization of C$96.82 million, a PE ratio of -2.97 and a beta of 3.09. Midnight Sun Mining Corp. has a 1-year low of C$0.36 and a 1-year high of C$1.78. The business has a fifty day moving average price of C$0.54 and a 200-day moving average price of C$0.90.
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.
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