Midnight Sun Mining (CVE:MMA) Insider Brett Allan Richards Acquires 192,000 Shares of Stock

Midnight Sun Mining Corp. (CVE:MMA) insider Brett Allan Richards purchased 192,000 shares of the stock in a transaction that occurred on Tuesday, July 7th. The stock was purchased at an average price of C$0.58 per share, for a total transaction of C$111,360.00. Following the acquisition, the insider owned 5,623,447 shares in the company, valued at approximately C$3,261,599.26. This trade represents a 3.53% increase in their ownership of the stock.

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

• On Monday, July 6th, Brett Allan Richards acquired 57,300 shares of Midnight Sun Mining stock. The stock was purchased at an average cost of C$0.58 per share, with a total value of C$33,234.00.
• On Wednesday, July 8th, Brett Allan Richards acquired 135,300 shares of Midnight Sun Mining stock. The shares were purchased at an average cost 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 stock was purchased at an average cost of C$0.84 per share, for a total transaction of C$21,420.00.
• On Friday, June 12th, Brett Allan Richards purchased 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 Price Performance

Shares of CVE:MMA traded down C$0.02 during midday trading on Wednesday, hitting C$0.57. 435,709 shares of the stock were exchanged, compared to its average volume of 556,355. 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 current ratio of 13.58, a quick ratio of 3.91 and a debt-to-equity ratio of 0.58. The company has a 50 day moving average price of C$0.90 and a 200-day moving average price of C$1.18. The stock has a market cap of C$122.89 million, a P/E ratio of -4.38 and a beta of 2.42.

Midnight Sun Mining Company Profile

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.