Midnight Sun Mining Stock Price on October 23, 2024
| MMA Stock | CAD 0.45 0.01 2.17% |
Below is the normalized historical share price chart for Midnight Sun Mining extending back to January 23, 2008. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Midnight Sun stands at 0.45, as last reported on the 28th of November, with the highest price reaching 0.46 and the lowest price hitting 0.45 during the day.
If you're considering investing in Midnight Stock, it is important to understand the factors that can impact its price. Midnight Sun is out of control given 3 months investment horizon. Midnight Sun Mining has Sharpe Ratio of 0.13, which conveys that the firm had a 0.13% return per unit of risk over the last 3 months. We were able to interpolate twenty-nine different technical indicators, which can help you to evaluate if expected returns of 1.06% are justified by taking the suggested risk. Use Midnight Sun Mining Downside Deviation of 8.55, mean deviation of 5.71, and Risk Adjusted Performance of 0.0525 to evaluate company specific risk that cannot be diversified away.
At this time, Midnight Sun's Total Stockholder Equity is fairly stable compared to the past year. Common Stock Shares Outstanding is likely to climb to about 124.3 M in 2024, whereas Other Stockholder Equity is likely to drop slightly above 2.1 M in 2024. . Price Earnings To Growth Ratio is likely to climb to 0.38 in 2024, whereas Price Earnings Ratio is likely to drop (20.61) in 2024. Midnight Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
200 Day MA 0.3515 | 50 Day MA 0.4029 | Beta 0.922 |
Midnight |
Sharpe Ratio = 0.1339
| Best Portfolio | Best Equity | |||
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| Small Returns | MMA | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 7.91 actual daily | 70 70% of assets are less volatile |
Expected Return
| 1.06 actual daily | 21 79% of assets have higher returns |
Risk-Adjusted Return
| 0.13 actual daily | 10 90% of assets perform better |
Based on monthly moving average Midnight Sun is performing at about 10% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Midnight Sun by adding it to a well-diversified portfolio.
Price Book 3.7989 | Book Value 0.094 | Enterprise Value 68 M | Enterprise Value Ebitda (11.61) | Shares Float 156.5 M |
Midnight Sun Valuation on October 23, 2024
It is possible to determine the worth of Midnight Sun on a given historical date. On October 23, 2024 Midnight was worth 0.42 at the beginning of the trading date compared to the closed value of 0.45. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Midnight Sun stock. Still, in general, we apply an absolute valuation method to find Midnight Sun's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Midnight Sun where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Midnight Sun's related companies.
| Open | High | Low | Close | Volume | |
| 0.37 | 0.42 | 0.37 | 0.42 | 379,140 | |
10/23/2024 | 0.42 | 0.46 | 0.40 | 0.45 | 337,829 |
| 0.45 | 0.45 | 0.40 | 0.43 | 149,000 |
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Midnight Sun Trading Date Momentum on October 23, 2024
| On October 24 2024 Midnight Sun Mining was traded for 0.43 at the closing time. The highest daily price throughout the period was 0.45 and the lowest price was 0.40 . The daily volume was 149 K. The net trading volume on 10/24/2024 added to the next day price reduction. The trading delta at closing time to closing price of the next trading day was 4.44% . The trading delta at closing time to current closing price is 11.11% . |
Midnight Sun Mining Fundamentals Correlations and Trends
By evaluating Midnight Sun's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Midnight Sun's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Midnight financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Midnight Sun Stock history
Midnight Sun investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Midnight is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Midnight Sun Mining will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Midnight Sun stock prices may prove useful in developing a viable investing in Midnight Sun
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 118.3 M | 124.3 M | |
| Net Loss | -2.9 M | -2.7 M |
Midnight Sun Stock Technical Analysis
Midnight Sun technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
Midnight Sun Period Price Range
Low | November 28, 2024
| High |
0.00 | 0.00 |
Midnight Sun Mining cannot be verified against its exchange. Please verify the symbol is currently traded on TSX Venture Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Midnight Sun November 28, 2024 Market Strength
Market strength indicators help investors to evaluate how Midnight Sun stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Midnight Sun shares will generate the highest return on investment. By undertsting and applying Midnight Sun stock market strength indicators, traders can identify Midnight Sun Mining entry and exit signals to maximize returns
Midnight Sun Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Midnight Sun's price direction in advance. Along with the technical and fundamental analysis of Midnight Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Midnight to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.0525 | |||
| Jensen Alpha | 0.3598 | |||
| Total Risk Alpha | (0.79) | |||
| Sortino Ratio | 0.0404 | |||
| Treynor Ratio | 0.5253 |
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Additional Tools for Midnight Stock Analysis
When running Midnight Sun's price analysis, check to measure Midnight Sun's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Midnight Sun is operating at the current time. Most of Midnight Sun's value examination focuses on studying past and present price action to predict the probability of Midnight Sun's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Midnight Sun's price. Additionally, you may evaluate how the addition of Midnight Sun to your portfolios can decrease your overall portfolio volatility.