Midnight Sun Mining (CVE:MMA) Trading Up 22.6% – Should You Buy?

Midnight Sun Mining Corp. (CVE:MMA) shot up 22.6% during mid-day trading on Wednesday . 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 Trading Up 22.6 %

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 business has a 50 day moving average price of C$0.52 and a 200-day moving average price of C$0.45. The firm has a market capitalization of C$107.62 million, a PE ratio of -65.00 and a beta of 0.93.

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.