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

Midnight Sun Mining Corp. (CVE:MMA)’s stock price traded up 51.3% during mid-day trading on Friday . The stock traded as high as C$0.59 and last traded at C$0.59. 1,480,653 shares were traded during mid-day trading, an increase of 688% from the average session volume of 187,992 shares. The stock had previously closed at C$0.39.

Midnight Sun Mining Price Performance

The company has a 50 day moving average price of C$0.44 and a 200 day moving average price of 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 company has a market capitalization of C$97.69 million, a P/E ratio of -59.00 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.