Midnight Sun Mining (CVE:MMA) Trading Up 18.9% - Still a Buy?

Midnight Sun Mining Corp. (CVE:MMA - Get Free Report) rose 18.9% during mid-day trading on Wednesday . The stock traded as high as C$0.67 and last traded at C$0.63. Approximately 1,409,364 shares changed hands during trading, an increase of 498% from the average daily volume of 235,792 shares. The stock had previously closed at C$0.53.

Midnight Sun Mining Price 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 has a market capitalization of C$107.62 million, a PE ratio of -65.00 and a beta of 0.93. The stock has a fifty day moving average price of C$0.52 and a 200-day moving average price of C$0.45.

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.

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