Midnight Sun Mining (CVE:MMA) Trading 1.2% Higher – Still a Buy?

Midnight Sun Mining Corp. (CVE:MMAGet Free Report) traded up 1.2% during trading on Tuesday . The stock traded as high as C$0.42 and last traded at C$0.42. 197,820 shares were traded during trading, an increase of 8% from the average session volume of 183,117 shares. The stock had previously closed at C$0.42.

Midnight Sun Mining Stock Performance

The stock has a market capitalization of C$64.57 million, a P/E ratio of -39.00 and a beta of 0.93. The stock has a 50 day simple moving average of C$0.43 and a two-hundred day simple moving average of 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.

Midnight Sun Mining Company Profile

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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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