Midnight Sun Mining (CVE:MMA) Stock Price Up 35.9% – Time to Buy?

Midnight Sun Mining Corp. (CVE:MMA)’s stock price rose 35.9% on Friday . The stock traded as high as C$0.53 and last traded at C$0.53. Approximately 1,018,103 shares traded hands during mid-day trading, an increase of 449% from the average daily volume of 185,429 shares. The stock had previously closed at C$0.39.

Midnight Sun Mining Trading Up 51.3 %

The company has a quick ratio of 3.91, a current ratio of 38.15 and a debt-to-equity ratio of 1.57. The company’s fifty day moving average price is C$0.44 and its two-hundred day moving average price is C$0.41. The firm has a market cap of C$97.69 million, a PE ratio of -59.00 and a beta of 0.93.

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.