Midnight Sun Mining (CVE:MMA) Stock Price Up 51.3% – Should You Buy?

Midnight Sun Mining Corp. (CVE:MMA)’s stock price shot up 51.3% on Saturday . The company traded as high as C$0.59 and last traded at C$0.59. 1,480,653 shares were traded during trading, an increase of 688% from the average session volume of 187,992 shares. The stock had previously closed at C$0.39.

Midnight Sun Mining Trading Up 51.3 %

The stock has a market cap of C$97.69 million, a P/E ratio of -59.00 and a beta of 0.93. The company has a debt-to-equity ratio of 1.57, a quick ratio of 3.91 and a current ratio of 38.15. The firm’s fifty day simple moving average is C$0.44 and its 200-day simple moving average is C$0.41.

About Midnight Sun Mining

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.