Midnight Sun Mining (CVE:MMA) Stock: Insider Brett Allan Richards Purchases 203,300 Shares

Midnight Sun Mining Corp. (CVE:MMA) insider Brett Allan Richards bought 203,300 shares of the stock in a transaction dated Friday, October 30th. The stock was purchased at an average cost of C$0.39 per share, with a total value of C$79,287.00. Following the completion of the purchase, the insider directly owned 6,092,047 shares in the company, valued at approximately C$2,375,898.33. This trade represents a 3.45% increase in their position.

Midnight Sun Mining Trading Up 2.5%

Shares of CVE:MMA traded up C$0.01 during trading on Monday, hitting C$0.41. 158,061 shares of the company’s stock were exchanged, compared to its average volume of 457,146. Midnight Sun Mining Corp. has a 1-year low of C$0.36 and a 1-year high of C$1.78. The firm has a 50-day moving average price of C$0.56 and a two-hundred day moving average price of C$0.92. The company has a current ratio of 11.09, a quick ratio of 3.91 and a debt-to-equity ratio of 0.67. The firm has a market cap of C$88.12 million, a P/E ratio of -2.70 and a beta of 3.09.

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.