Midnight Sun Mining (CVE:MMA) Sets New 1-Year High – What’s Next?

Midnight Sun Mining Corp. (CVE:MMA)’s share price hit a new 52-week high on Monday . The company traded as high as C$0.60 and last traded at C$0.57, with a volume of 765296 shares changing hands. The stock had previously closed at C$0.59.

Midnight Sun Mining Stock Down 6.9 %

The company has a market cap of C$89.41 million, a PE ratio of -54.00 and a beta of 0.93. 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 is C$0.45 and its 200-day moving average is C$0.42.

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.