Midnight Sun Mining (CVE:MMA) Shares Up 51.3% – Should You Buy?

Midnight Sun Mining Corp. (CVE:MMAGet Free Report)’s share price was up 51.3% on Saturday . The company traded as high as C$0.59 and last traded at C$0.59. Approximately 1,480,653 shares changed hands during mid-day trading, an increase of 688% from the average daily volume of 187,992 shares. The stock had previously closed at C$0.39.

Midnight Sun Mining Stock Up 51.3 %

The firm’s 50 day simple moving average is C$0.44 and its 200-day simple moving average is C$0.41. 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 stock has a market capitalization of C$97.69 million, a price-to-earnings ratio of -59.00 and a beta of 0.93.

Midnight Sun Mining Company Profile

(Get Free Report)

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.

Recommended Stories

Receive News & Ratings for Midnight Sun Mining Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Midnight Sun Mining and related companies with MarketBeat.com's FREE daily email newsletter.