Midnight Sun Mining (CVE:MMA) Trading Up 31% - Still a Buy?

Key Points

• Midnight Sun Mining's stock price surged 31% during trading, reaching as high as C$2.00 before closing at C$1.90.
• The company has a market cap of C$342.85 million and engages in the exploration of minerals such as copper, cobalt, nickel, and gold in Africa.
• Midnight Sun Mining owns a 60% interest in the Solwezi licenses located in Zambia, highlighting its engagement in key mineral property acquisitions.

Midnight Sun Mining Corp. (CVE:MMA - )'s stock price was up 31% during mid-day trading on Friday . 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 Stock Up 31.0%

The company has a market cap of C$342.85 million, a P/E ratio of -63.33 and a beta of -0.08. The company has a 50 day moving average of C$0.91 and a 200-day moving average of C$0.70. The company has a debt-to-equity ratio of 1.69, a current ratio of 45.60 and a quick ratio of 3.91.

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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