Midnight Sun Mining (CVE:MMA) Shares Up 7.6% - Should You Buy?

Key Points

• Midnight Sun Mining Corp.'s stock price increased by 7.6% on Thursday, rising from C$1.19 to C$1.28, with a trading volume boost of 98% compared to the average.
• The company has a market capitalization of C$230.97 million and explores for minerals, focusing on copper, cobalt, nickel, and gold across its properties in Africa.
• Midnight Sun Mining's current financial metrics include a current ratio of 45.60, quick ratio of 3.91, and a debt-to-equity ratio of 1.69.

Midnight Sun Mining Corp. (CVE:MMA - )'s stock price shot up 7.6% during trading on Thursday . The stock traded as high as C$1.35 and last traded at C$1.28. 647,856 shares changed hands during mid-day trading, an increase of 98% from the average session volume of 326,717 shares. The stock had previously closed at C$1.19.

Midnight Sun Mining Price Performance

The company has a current ratio of 45.60, a quick ratio of 3.91 and a debt-to-equity ratio of 1.69. The stock has a market capitalization of C$230.97 million, a PE ratio of -42.67 and a beta of 1.49. The firm has a 50 day moving average price of C$1.19 and a 200 day moving average price of C$0.80.

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.