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Midnight Sun Mining shares surged 16.9% on Thursday on heavy trading volume, though the reason for the rally was not disclosed.
Midnight Sun Mining (CVE:MMA) shares jumped 16.9% on Thursday, closing at C$1.45 after reaching an intraday high of C$1.46, driven by a surge in trading volume to about 1.21 million shares—246% above average.
The company, which explores for copper, cobalt, nickel, and gold in Africa and holds a 60% stake in Zambia’s Solwezi licenses, has a market cap of C$290.32 million.
Despite a negative P/E ratio of -47.67 and a high beta of 1.71, indicating volatility, the catalyst for the rally was not specified.
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Las acciones de Midnight Sun Mining subieron un 16.9% el jueves debido al gran volumen de operaciones, aunque no se reveló la razón del repunte.