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

Midnight Sun Mining Corp. (CVE:MMA) insider Brett Allan Richards acquired 57,300 shares of the firm’s stock in a transaction that occurred on Monday, July 6th. The stock was bought 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 directly owned 5,431,447 shares in the company, valued at C$3,150,239.26. The trade was a 1.07% increase in their ownership of the stock.

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

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

Midnight Sun Mining Stock Performance

Shares of MMA traded down C$0.02 during trading hours on Wednesday, reaching C$0.57. 435,709 shares of the company traded hands, compared to its average volume of 556,355. The stock has a market capitalization of C$122.89 million, a P/E ratio of -4.38 and a beta of 2.42. The company has a quick ratio of 3.91, a current ratio of 13.58 and a debt-to-equity ratio of 0.58. Midnight Sun Mining Corp. has a 12-month low of C$0.53 and a 12-month high of C$2.00. The business has a fifty day moving average price of C$0.90 and a 200-day moving average price of C$1.18.

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.