Midnight Sun Mining (CVE:MMA) PT Set at C$3.00 by Haywood Securities

Midnight Sun Mining (CVE:MMA) has been assigned a C$3.00 target price by equities researchers at Haywood Securities in a research report issued on Friday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. Haywood Securities’ price target would indicate a potential upside of 117.39% from the stock’s previous close.

Midnight Sun Mining Trading Up 4.5%

Shares of Midnight Sun Mining stock traded up C$0.06 during trading hours on Friday, reaching C$1.38. The stock had a trading volume of 183,491 shares, compared to its average volume of 352,665. The firm has a market capitalization of C$294.96 million, a price-to-earnings ratio of -34.50 and a beta of 1.97. Midnight Sun Mining has a 1 year low of C$0.37 and a 1 year high of C$2.00. 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 firm has a 50 day simple moving average of C$1.31 and a two-hundred day simple moving average of C$1.00.

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. in February 2011. Midnight Sun Mining Corp. was incorporated in 2007 and is headquartered in Vancouver, Canada.