Midnight Sun Mining (CVE:MMA) Shares Down 2.8% – Here’s What Happened

Posted by Jessica Moore on Mar 15th, 2026

Midnight Sun Mining Corp. (CVE:MMA – Get Free Report) shares were down 2.8% on Friday . The stock traded as low as C$1.17 and last traded at C$1.20. Approximately 519,944 shares were traded during mid-day trading, a decline of 0% from the average daily volume of 521,862 shares. The stock had previously closed at C$1.24.

Analyst Ratings Changes

Separately, Haywood Securities set a C$3.00 price target on Midnight Sun Mining and gave the stock a “buy” rating in a research note on Friday, December 19th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of C$3.00.

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Midnight Sun Mining Stock Performance

The company has a market cap of C$256.49 million, a price-to-earnings ratio of -30.00 and a beta of 2.10. The company has a current ratio of 18.26, a quick ratio of 3.91 and a debt-to-equity ratio of 1.26. The stock’s 50 day moving average price is C$1.38 and its 200 day moving average price is C$1.33.

Midnight Sun Mining Company Profile

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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.