Midnight Sun Mining (CVE:MMA) Trading 51.3% Higher – Still a Buy?

by · The Markets Daily

Midnight Sun Mining Corp. (CVE:MMA – Get Free Report)’s share price rose 51.3% on Saturday . The stock traded as high as C$0.59 and last traded at C$0.59. Approximately 1,480,653 shares traded hands during trading, an increase of 688% from the average daily volume of 187,992 shares. The stock had previously closed at C$0.39.

Midnight Sun Mining Trading Up 51.3 %

The company’s fifty day moving average price is C$0.44 and its two-hundred day moving average price is C$0.41. The company has a quick ratio of 3.91, a current ratio of 38.15 and a debt-to-equity ratio of 1.57. The company has a market cap of C$97.69 million, a price-to-earnings ratio of -59.00 and a beta of 0.93.

About Midnight Sun Mining

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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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