| MMA Stock | | | CAD 0.45 0.01 2.17% |
Insider
BA CA is Chief Officer of Midnight Sun Mining
| Age | 36 |
| Address | 789 West Pender Street, Vancouver, BC, Canada, V6C 1H2 |
| Phone | 604-336-9959 |
| Web | https://www.midnightsunmining.com |
Midnight Sun Management Efficiency
The company has return on total asset
(ROA) of
(0.0561) % which means that it has lost $0.0561 on every $100 spent on assets. This is way below average. Similarly, it shows a return on equity
(ROE) of
(0.1215) %, meaning that it generated substantial loss on money invested by shareholders. Midnight Sun's management efficiency ratios could be used to measure how well Midnight Sun manages its routine affairs as well as how well it operates its assets and liabilities.
Return On Tangible Assets is likely to drop to -0.12 in 2024.
Return On Capital Employed is likely to drop to -0.09 in 2024. At this time, Midnight Sun's
Net Tangible Assets are fairly stable compared to the past year.
Non Currrent Assets Other is likely to climb to about 15.6
M in 2024, whereas
Non Current Assets Total are likely to drop slightly above 7.7
M in 2024.
Midnight Sun Mining has accumulated 376.27
K in total debt with debt to equity ratio
(D/E) of 0.04, which may suggest the company is not taking enough advantage from borrowing. Midnight Sun Mining has a current ratio of 0.21, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist Midnight Sun until it has trouble settling it off, either with new capital or with free cash flow. So, Midnight Sun's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Midnight Sun Mining sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Midnight to invest in growth at high rates of return. When we think about Midnight Sun's use of debt, we should always consider it together with cash and equity.
Midnight Sun Mining Corp. acquires and explores for mineral properties in Africa. Midnight Sun Mining Corp. was incorporated in 2007 and is headquartered in Vancouver, Canada. MIDNIGHT SUN operates under Industrial Metals Minerals classification in Canada and is traded on TSX Venture Exchange. Midnight Sun Mining (MMA) is traded on TSX Venture Exchange in Canada and employs 6 people. Midnight Sun is listed under Diversified Metals & Mining category by Fama And French industry classification.
Management Performance
Midnight Sun Mining Leadership Team
Elected by the shareholders, the Midnight Sun's board of directors comprises two types of representatives: Midnight Sun inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Midnight. The board's role is to monitor Midnight Sun's management team and ensure that shareholders' interests are well served. Midnight Sun's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Midnight Sun's outside directors are responsible for providing unbiased perspectives on the board's policies.
Midnight Stock Performance Indicators
The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is Midnight Sun a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.
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Additional Tools for Midnight Stock Analysis
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