Midnight Sun Mining (CVE:MMA) Hits New 12-Month High - Should You Buy?

Key Points

• Midnight Sun Mining Corp. reached a new 52-week high, trading at C$1.07 with a volume of 354,310 shares.
• The company has a market capitalization of C$184.05 million and engages in the exploration of mineral properties, primarily focusing on copper, cobalt, nickel, and gold.
• Midnight Sun Mining's financial metrics include a debt-to-equity ratio of 1.69 and a current ratio of 45.60, indicating a strong liquidity position.

Midnight Sun Mining Corp. (CVE:MMA - ) reached a new 52-week high during trading on Wednesday . The company traded as high as C$1.06 and last traded at C$1.07, with a volume of 354310 shares traded. The stock had previously closed at C$1.00.

Midnight Sun Mining Trading Up 2.0%

The business's 50-day moving average price is C$0.72 and its 200 day moving average price is C$0.64. The company has a debt-to-equity ratio of 1.69, a current ratio of 45.60 and a quick ratio of 3.91. The firm has a market capitalization of C$184.05 million, a price-to-earnings ratio of -34.00 and a beta of -0.08.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.