Midnight Sun Mining (CVE:MMA) Hits New 1-Year High – Here’s Why

Midnight Sun Mining Corp. (CVE:MMA)’s stock price reached a new 52-week high on Thursday . The company traded as high as C$0.60 and last traded at C$0.61, with a volume of 269255 shares. The stock had previously closed at C$0.59.

Midnight Sun Mining Trading Up 1.7 %

The company’s fifty day simple moving average is C$0.46 and its 200-day simple moving average is C$0.42. The firm has a market capitalization of C$99.34 million, a PE ratio of -60.00 and a beta of 0.93. The company has a debt-to-equity ratio of 1.57, a current ratio of 38.15 and a quick ratio of 3.91.

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.