Midnight Sun Mining Corp.

Midnight Sun Mining Corp.verified

MMA.V

Price:

$0.33

Market Cap:

$54.64M

Midnight Sun Mining Corp. engages in the acquisition and exploration of mineral properties in Africa. The company primarily explores for copper, cobalt, and gold deposits. It has 60% interest in the Solwezi licenses covering an area of approximately 506 square kilometers in the Zambian Copperbelt located in northwest of Lusaka, 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.[Read more]

Industry

Industrial Materials

IPO Date

2012-07-04

Stock Exchange

TSXV

Ticker

MMA.V

The Current Ratio as of September 2024 (TTM) for Midnight Sun Mining Corp. (MMA.V) is 38.15

According to Midnight Sun Mining Corp.’s latest financial reports and current stock price. The company's current Current Ratio is 38.15. This represents a change of 289.14% compared to the average of 9.80 of the last 4 quarters.

Midnight Sun Mining Corp. (MMA.V) Historical Current Ratio (quarterly & annually)

How has MMA.V Current Ratio performed in the past?

The mean historical Current Ratio of Midnight Sun Mining Corp. over the last ten years is 3.38. The current 38.15 Current Ratio has changed 112.84% with respect to the historical average. Over the past ten years (40 quarters), MMA.V's Current Ratio was at its highest in in the September 2021 quarter at 40.96. The Current Ratio was at its lowest in in the September 2017 quarter at 0.02.

Quarterly (TTM)
Annual

Average

3.38

Median

0.47

Minimum

0.07

Maximum

15.33

Midnight Sun Mining Corp. (MMA.V) Current Ratio by Quarter and Year

Discovering the peaks and valleys of Midnight Sun Mining Corp. Current Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 6.53%

Maximum Annual Current Ratio = 15.33

Minimum Annual Increase = -97.39%

Minimum Annual Current Ratio = 0.07

Quarterly (TTM)
Annual
YearCurrent RatioChange
20230.25-37.21%
20220.40-97.39%
202115.3335.29%
202011.336.53%
20190.17-67.95%
20180.53-86.65%
20174.00165.96%
20161.50683.56%
20150.19177.54%
20140.07-93.53%

Midnight Sun Mining Corp. (MMA.V) Average Current Ratio

How has MMA.V Current Ratio performed in the past?

The current Current Ratio of Midnight Sun Mining Corp. (MMA.V) is greater than its 3-year, greater than its 5-year, and greater than its 10-year historical averages

3-year avg

5.33

5-year avg

5.50

10-year avg

3.38

Midnight Sun Mining Corp. (MMA.V) Current Ratio vs. Peers

How is MMA.V’s Current Ratio compared to its peers?

Midnight Sun Mining Corp.’s Current Ratio is less than AsiaBaseMetals Inc. (0), less than null (0), less than null (0), greater than null (0.01), less than null (0),

CompanyCurrent RatioMarket cap
0$4.45M
0$0
0$0
0.01$0
0$0

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