Midnight Sun Mining (CVE:MMA) Trading 20.8% Higher - Still a Buy?

Midnight Sun Mining Corp. (CVE:MMA - Get Free Report)'s share price traded up 20.8% on Wednesday . The company traded as high as C$0.67 and last traded at C$0.64. 1,228,824 shares were traded during mid-day trading, an increase of 442% from the average session volume of 226,765 shares. The stock had previously closed at C$0.53.

Midnight Sun Mining Stock Performance

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 50 day moving average price is C$0.52 and its 200-day moving average price is 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.

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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