Midnight Sun Mining (CVE:MMA) Trading Up 16.9% – Time to Buy?
by Danessa Lincoln · The Markets DailyMidnight Sun Mining Corp. (CVE:MMA – Get Free Report)’s stock price was up 16.9% on Thursday . The stock traded as high as C$1.46 and last traded at C$1.45. Approximately 1,212,448 shares traded hands during mid-day trading, an increase of 246% from the average daily volume of 350,151 shares. The stock had previously closed at C$1.24.
Midnight Sun Mining Stock Up 16.9%
The company has a current ratio of 45.60, a quick ratio of 3.91 and a debt-to-equity ratio of 1.69. The company has a market capitalization of C$294.38 million, a price-to-earnings ratio of -48.33 and a beta of 1.71. The firm’s fifty day simple moving average is C$1.27 and its two-hundred day simple moving average is C$0.85.
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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