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

Midnight Sun Mining Corp. (CVE:MMA)’s share price rose 51.3% on Friday . The company traded as high as C$0.59 and last traded at C$0.59. Approximately 1,480,653 shares changed hands during mid-day 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 firm has a market capitalization of C$97.69 million, a P/E ratio of -59.00 and a beta of 0.93. The company has a current ratio of 38.15, a quick ratio of 3.91 and a debt-to-equity ratio of 1.57. The company’s fifty day moving average is C$0.44 and its 200-day moving average is C$0.41.

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.