Midnight Sun Mining (CVE:MMA) Shares Up 20.8% - Still a Buy?

Midnight Sun Mining Corp. (CVE:MMA - Get Free Report) shares shot up 20.8% on Wednesday . The stock traded as high as C$0.67 and last traded at C$0.64. 752,113 shares traded hands during mid-day trading, an increase of 275% from the average session volume of 200,401 shares. The stock had previously closed at C$0.53.

Midnight Sun Mining Stock Up 18.9 %

The firm has a market cap of C$104.31 million, a P/E ratio of -63.00 and a beta of 0.93. The company has a debt-to-equity ratio of 1.57, a quick ratio of 3.91 and a current ratio of 38.15. The firm's fifty day moving average is C$0.52 and its 200 day moving average is C$0.45.

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.

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