Midnight Sun Mining (CVE:MMA) Stock Price Up 24.5% – Should You Buy?

Midnight Sun Mining Corp. (CVE:MMA) rose 24.5% during mid-day trading on Wednesday . The company traded as high as C$0.66 and last traded at C$0.66. Approximately 523,154 shares were traded during trading, an increase of 196% from the average daily volume of 176,582 shares. The stock had previously closed at C$0.53.

Midnight Sun Mining Stock Performance

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’s 50 day simple moving average is C$0.52 and its two-hundred day simple moving average is C$0.45. The stock has a market cap of C$109.28 million, a P/E ratio of -66.00 and a beta of 0.93.

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.