Midnight Sun Mining (CVE:MMA) Shares Up 51.3% – Still a Buy?

Midnight Sun Mining Corp. (CVE:MMA)’s share price rose 51.3% on Friday . The company traded as high as C$0.59 and last traded at C$0.59. Approximately 1,480,653 shares were traded during 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 Price Performance

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 firm has a market cap of C$97.69 million, a P/E ratio of -59.00 and a beta of 0.93. The firm has a 50-day simple moving average of C$0.43 and a 200-day simple moving average of C$0.41.

About Midnight Sun Mining

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.