Midnight Sun Mining (CVE:MMA) Trading Up 22.6% – Still a Buy?

Midnight Sun Mining Corp. (CVE:MMAGet Free Report)’s share price traded up 22.6% during mid-day trading on Thursday . The stock traded as high as C$0.67 and last traded at C$0.65. 1,499,264 shares changed hands during trading, an increase of 524% from the average session volume of 240,287 shares. The stock had previously closed at C$0.53.

Midnight Sun Mining Price Performance

The stock’s fifty day moving average is C$0.53 and its two-hundred day moving average is C$0.46. The company has a current ratio of 38.15, a quick ratio of 3.91 and a debt-to-equity ratio of 1.57. The company has a market capitalization of C$112.59 million, a PE ratio of -68.00 and a beta of 0.93.

Midnight Sun Mining Company Profile

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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.

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