Midnight Sun Mining (CVE:MMA) Sets New 12-Month High - Still a Buy?

Key Points

• Midnight Sun Mining Corp. shares reached a new 52-week high of C$0.92, closing at C$0.90 with trading volumes at 386,222 shares.
• The company has a market capitalization of C$162.06 million, a PE ratio of -63.32, and significant liquidity with a quick ratio of 3.91.
• Midnight Sun Mining primarily focuses on exploration for copper, cobalt, nickel, and gold in Africa, holding a 60% interest in the Solwezi licenses located in Zambia.

Midnight Sun Mining Corp. (CVE:MMA - ) shares hit a new 52-week high during trading on Monday . The company traded as high as C$0.92 and last traded at C$0.90, with a volume of 386222 shares trading hands. The stock had previously closed at C$0.85.

Midnight Sun Mining Price Performance

The stock's 50-day moving average is C$0.62 and its 200 day moving average is C$0.62. The stock has a market capitalization of C$162.06 million, a PE ratio of -63.32 and a beta of 0.93. The company has a quick ratio of 3.91, a current ratio of 45.60 and a debt-to-equity ratio of 1.69.

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.

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