Midnight Sun Mining (CVE:MMA) Trading Up 3.8% – Still a Buy?

Midnight Sun Mining Corp. (CVE:MMA)’s stock price shot up 3.8% during trading on Friday . The company traded as high as C$0.55 and last traded at C$0.55. 82,762 shares were traded during trading, a decline of 69% from the average session volume of 262,903 shares. The stock had previously closed at C$0.53.

Midnight Sun Mining Stock Up 3.8%

The stock’s fifty day moving average is C$0.59 and its 200 day moving average is C$0.62. The company has a current ratio of 45.60, a quick ratio of 3.91 and a debt-to-equity ratio of 1.69. The company has a market capitalization of C$95.84 million, a P/E ratio of -37.44 and a beta of 0.93.

Insider Buying and Selling

In other news, Director Allan John Fabbro purchased 175,000 shares of the stock in a transaction that occurred on Tuesday, May 13th. The stock was bought at an average cost of C$0.60 per share, for a total transaction of C$105,000.00. 5.98% of the stock is owned by corporate insiders.

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.