Insider Buying: Midnight Sun Mining (CVE:MMA) Insider Purchases C$33,234.00 in Stock

Midnight Sun Mining Corp. (CVE:MMA) insider Brett Allan Richards purchased 57,300 shares of the firm’s stock in a transaction dated Monday, July 6th. The stock was acquired at an average price of C$0.58 per share, for a total transaction of C$33,234.00. Following the purchase, the insider owned 5,431,447 shares in the company, valued at approximately C$3,150,239.26. The trade was a 1.07% increase in their position.

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 stock was bought at an average cost of C$0.58 per share, with a total value of C$111,360.00.
• On Wednesday, July 8th, Brett Allan Richards acquired 135,300 shares of Midnight Sun Mining stock. The stock was bought 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 bought at an average price of C$0.84 per share, for a total transaction of C$21,420.00.
• On Friday, June 12th, Brett Allan Richards bought 127,103 shares of Midnight Sun Mining stock. The shares were purchased at an average cost of C$0.87 per share, with a total value of C$110,579.61.

Midnight Sun Mining Stock Performance

Shares of MMA opened at C$0.61 on Friday. 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 firm’s fifty day simple moving average is C$0.88 and its two-hundred day simple moving average is C$1.17. Midnight Sun Mining Corp. has a 12 month low of C$0.53 and a 12 month high of C$2.00. The stock has a market capitalization of C$131.51 million, a P/E ratio of -4.69 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.