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

Midnight Sun Mining Corp. (CVE:MMA)’s share price shot up 51.3% during mid-day trading on Saturday . The stock traded as high as C$0.59 and last traded at C$0.59. 1,480,653 shares changed 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 Price Performance

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 stock’s 50 day simple moving average is C$0.44 and its 200 day simple moving average is C$0.41. The company has a debt-to-equity ratio of 1.57, a quick ratio of 3.91 and a current ratio of 38.15.

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.