Midnight Sun Mining (CVE:MMA) Shares Up 51.3% – Should You Buy?

Midnight Sun Mining Corp. (CVE:MMA) shares shot up 51.3% during mid-day trading on Saturday . The company traded as high as C$0.59 and last traded at C$0.59. 1,480,653 shares traded hands during mid-day trading, an increase of 688% from the average session volume of 187,992 shares. The stock had previously closed at C$0.39.

Midnight Sun Mining Stock Performance

The company has a debt-to-equity ratio of 1.57, a current ratio of 38.15 and a quick ratio of 3.91. The business has a 50-day moving average of C$0.44 and a 200-day moving average of C$0.41. The company has a market capitalization of C$97.69 million, a P/E ratio of -59.00 and a beta of 0.93.

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.