Midnight Sun Mining (CVE:MMA) Trading 51.3% Higher – Should You Buy?

Midnight Sun Mining Corp. (CVE:MMA) shares were up 51.3% on Friday . The company traded as high as C$0.59 and last traded at C$0.59. Approximately 1,480,653 shares traded hands during mid-day trading, an increase of 688% from the average daily volume of 187,992 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 firm has a market capitalization of C$97.69 million, a P/E ratio of -59.00 and a beta of 0.93. The firm’s 50-day simple moving average is C$0.44 and its 200-day simple moving average is C$0.41.

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.