Midnight Sun Mining (CVE:MMA) Stock Price Up 20.8% – Still a Buy?

Midnight Sun Mining Corp. (CVE:MMA)’s share price shot up 20.8% during trading on Wednesday . The stock traded as high as C$0.67 and last traded at C$0.64. 752,113 shares were traded during mid-day trading, an increase of 275% from the average session volume of 200,401 shares. The stock had previously closed at C$0.53.

Midnight Sun Mining Stock Up 18.9 %

The company has a debt-to-equity ratio of 1.57, a current ratio of 38.15 and a quick ratio of 3.91. The stock has a market capitalization of C$104.31 million, a P/E ratio of -63.00 and a beta of 0.93. The firm has a 50-day simple moving average of C$0.52 and a 200 day simple moving average 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.