Midnight Sun Mining (CVE:MMA) Shares Up 51.3% – Still a Buy?

Midnight Sun Mining Corp. (CVE:MMA)’s stock price shot up 51.3% during 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 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 Up 51.3 %

The stock has a market cap of C$97.69 million, a price-to-earnings ratio of -59.00 and a beta of 0.93. The company has a debt-to-equity ratio of 1.57, a quick ratio of 3.91 and a current ratio of 38.15. The firm’s 50-day simple moving average is C$0.44 and its two-hundred 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.