Midnight Sun Mining (CVE:MMA) Trading Up 16.9% – Time to Buy?

Midnight Sun Mining Corp. (CVE:MMA – Get Free Report) shot up 16.9% during mid-day trading on Thursday . The company traded as high as C$1.46 and last traded at C$1.45. 1,212,448 shares traded hands during mid-day trading, an increase of 246% from the average session 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 debt-to-equity ratio of 1.69, a current ratio of 45.60 and a quick ratio of 3.91. The stock’s fifty day simple moving average is C$1.28 and its 200-day simple moving average is C$0.85. The stock has a market cap of C$294.38 million, a P/E ratio of -48.33 and a beta of 1.71.

Midnight Sun Mining Company Profile

(Get Free Report)

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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