Midnight Sun Mining (CVE:MMA) Shares Up 31% - Time to Buy?

Key Points

• Midnight Sun Mining Corp. experienced a significant share price increase of 31%, closing at C$1.90 after trading as high as C$2.00.
• With a market capitalization of C$342.85 million and a notable increase in trading volume by 335%, the stock's previous close was C$1.45.
• The company focuses on mineral exploration in Africa, specifically targeting copper, cobalt, nickel, and gold deposits, holding a 60% interest in the Solwezi licenses in Zambia.

Midnight Sun Mining Corp. (CVE:MMA - )'s share price shot up 31% on Friday . The stock traded as high as C$2.00 and last traded at C$1.90. 1,229,908 shares changed hands during trading, an increase of 335% from the average session volume of 282,781 shares. The stock had previously closed at C$1.45.

Midnight Sun Mining Trading Up 31.0%

The firm has a market cap of C$342.85 million, a PE ratio of -63.33 and a beta of -0.08. The company has a 50 day simple moving average of C$0.88 and a two-hundred day simple moving average of C$0.69. The company has a debt-to-equity ratio of 1.69, a quick ratio of 3.91 and a current ratio of 45.60.

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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