Midnight Sun Mining (CVE:MMA) Given a C$3.00 Price Target at Haywood Securities

Haywood Securities set a C$3.00 target price on Midnight Sun Mining (CVE:MMA) in a report issued on Friday morning,BayStreet.CA reports. The firm currently has a buy rating on the stock.

Midnight Sun Mining Price Performance

Shares of CVE:MMA opened at C$1.40 on Friday. The company has a debt-to-equity ratio of 1.69, a quick ratio of 3.91 and a current ratio of 45.60. Midnight Sun Mining has a 52 week low of C$0.37 and a 52 week high of C$2.00. The firm has a market cap of C$299.24 million, a PE ratio of -35.00 and a beta of 1.97. The firm’s fifty day moving average is C$1.31 and its 200-day moving average is C$1.01.

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.