Midnight Sun Mining (CVE:MMA) Trading Up 31% - Should You Buy?

Key Points

• Midnight Sun Mining Corp. saw a significant share price increase of 31%, with the stock trading as high as C$2.00 and last at C$1.90.
• Trading volume surged by 335%, with over 1.2 million shares changing hands compared to an average of 282,781 shares.
• The company focuses on exploration of copper, cobalt, nickel, and gold deposits, owning a 60% interest in the Solwezi licenses in Zambia.

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

Midnight Sun Mining Trading Up 31.0%

The company's 50 day moving average price is C$0.91 and its 200 day moving average price is C$0.70. The company has a market cap of C$342.85 million, a price-to-earnings ratio of -63.33 and a beta of -0.08. The company has a debt-to-equity ratio of 1.69, a quick ratio of 3.91 and a current ratio of 45.60.

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.

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