Midnight Sun Mining (MMA) AI Stock Analysis

• Market Cap: C$99.86M
• Dividend Yield: N/A
• Average Volume (3M): 190.30K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.34
• Revenue Growth: N/A
• EPS Growth: -72.31%
• Country: CA
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 61
• Industry: Industrial Materials
• EPS (TTM): -0.02
• Shares Outstanding: 175,195,160
• 10 Day Avg. Volume: 63,093
• 30 Day Avg. Volume: 190,302
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): 0.00
• Price to Cash Flow (P/CF): 0.00
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

Midnight Sun Mining's overall score is primarily impacted by its weak financial performance and valuation concerns, given its lack of revenue and profitability. While technical indicators are mixed, recent positive corporate developments, such as new exploration initiatives and copper target discoveries, provide some optimism for future growth potential.

Midnight Sun Mining Business Overview & Revenue Model

Company Description

Midnight Sun Mining (MMA) is a mineral exploration company focused on discovering, acquiring, and developing mineral properties. The company operates primarily in the mining and metals sector, with a focus on gold, copper, and other precious and base metals. Its core activities include geological surveys, drilling programs, and feasibility studies to identify and develop profitable mining projects.

How the Company Makes Money

Midnight Sun Mining generates revenue primarily through the discovery and development of mineral resources, which are sold or leased to larger mining companies. The company may also enter into joint ventures or partnerships with other firms to share exploration costs and potential profits. Revenue streams include the sale of mineral rights, royalties from mining operations, and potential equity stakes in developed mines. Additionally, Midnight Sun Mining may receive government grants or tax incentives for exploration activities, further contributing to its earnings.

Midnight Sun Mining Financial Statement Overview

Summary

Midnight Sun Mining faces significant financial hurdles with no revenue generation and consistent operational losses. The company has a robust equity base and minimal debt, but its inability to generate positive cash flows and income poses challenges for sustainability.

Income Statement

Midnight Sun Mining has reported no revenue over the years, reflecting its status as a non-revenue-generating mining company. The gross profit and net profit margins are negative due to consistent losses, indicating ongoing operational challenges. The EBIT and EBITDA margins are also negative, showing difficulty in covering fixed and variable costs.

Balance Sheet

The balance sheet shows a strong equity position relative to total assets with an equity ratio of 88.8% as of TTM, highlighting financial stability. However, the company has a low debt-to-equity ratio, demonstrating minimal leverage, which is a positive aspect. Return on equity is negative due to net losses, indicating poor profitability for shareholders.

Cash Flow

Operating cash flows are negative, reflecting cash outflows from operations. The free cash flow is also negative, but there has been a significant increase in financing cash flow, suggesting reliance on external financing. Operating cash flow to net income ratio is not favorable, highlighting inefficiencies in converting income into cash.

Breakdown
Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019
Income Statement		Total Revenue
0.00	0.00	0.00	0.00	0.00
	Gross Profit
-37.39K	-25.63K	-23.76K	-23.40K	-23.40K
	EBIT
-1.15M	-3.34M	-1.93M	-1.00M	-338.43K
	EBITDA
-1.15M	-3.15M	-1.90M	-732.92K	-259.48K
	Net Income Common Stockholders
-1.54M	-3.18M	-1.90M	-759.13K	-357.00K
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
23.88K	40.48K	2.56M	1.39M	6.97K
	Total Assets
13.96M	10.69M	20.78M	20.04M	18.94M
	Total Debt
539.27K	58.43K	82.61K	57.26K	41.08K
	Net Debt
515.39K	17.95K	-2.48M	-1.00M	34.11K
	Total Liabilities
731.14K	518.66K	230.01K	241.07K	633.22K
	Stockholders Equity
11.19M	4.62M	14.65M	12.31M	10.81M
Cash Flow		Free Cash Flow
-1.62M	-2.24M	-1.01M	-29.01K	-448.07K
	Operating Cash Flow
-1.62M	-2.24M	-869.15K	-753.05K	-109.39K
	Investing Cash Flow
470.55K	-263.88K	-133.14K	-133.15K	-338.67K
	Financing Cash Flow
1.14M	-23.29K	2.51M	1.94M	247.16K

Midnight Sun Mining Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.54
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:MMA, the sentiment is Positive. The current price of 0.54 is below the 20-day moving average (MA) of 0.56, below the 50-day MA of 0.62, and above the 200-day MA of 0.51, indicating a neutral trend. The MACD of -0.02 indicates Negative momentum. The RSI at 48.96 is Neutral, neither overbought nor oversold. The STOCH value of 70.00 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:MMA.

Midnight Sun Mining Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
LUN	63 Neutral	$8.88B	25.63	0.24%	3.05%	-2.71%	-188.94%
FM	58 Neutral	$15.50B	81.53	1.22%	―	-13.79%	―
CS	56 Neutral	$5.20B	45.17	2.90%	―	20.74%	―
Sector *	49 Neutral	$1.95B	-1.49	-20.76%	3.74%	1.00%	-28.87%
IVN	49 Neutral	$16.56B	52.35	5.25%	―	―	-33.54%
MMA	47 Neutral	C$99.86M	―	-21.82%	―	―	-72.31%
ERO	44 Neutral	C$1.78B	67.52	-9.84%	―	11.68%	-169.49%

Midnight Sun Mining Corporate Events

Midnight Sun Mining Launches 2025 Exploration at Solwezi Project

Midnight Sun Mining Corp. has initiated its 2025 exploration campaign at the Solwezi Project in Zambia, focusing on the Dumbwa, Kazhiba, and Mitu targets. The campaign aims to advance copper exploration through drilling, ionic leach sampling, and geophysical surveys. This strategic move is expected to enhance the company’s operational capabilities and strengthen its position in the copper mining sector, potentially leading to significant discoveries and value creation for stakeholders.

Midnight Sun Mining Identifies New Copper Targets at Kazhiba

Midnight Sun Mining Corp. has announced the identification of significant new sulphide and oxide copper targets at its Kazhiba site, following the completion of 2024 geochemical and geophysical exploration programs. The discovery includes a strong copper anomaly over four kilometers, aligning with the geological characteristics of the Zambian Copperbelt. Exploration drilling is set to begin in Q2 2025 to test these targets. The findings enhance the company’s exploration prospects and align with its Cooperative Explorative Plan with First Quantum, potentially increasing its resource base and strengthening its position in the copper mining sector.

Midnight Sun Retains 100% Ownership of Dumbwa Target, Plans 2025 Exploration

Midnight Sun Mining Corp. announced the termination of its earn-in agreement with KoBold Metals for the Dumbwa Target, retaining full ownership and control of the project. The company plans to launch an exploration program for Dumbwa in 2025, led by their COO, Dr. Kevin Bonel. This initiative is seen as a pivotal opportunity to discover significant copper resources, comparable to the nearby Lumwana Mine. The region’s geological potential and the expertise of Dr. Bonel position Midnight Sun well for achieving transformative discoveries, enhancing its standing in the copper mining industry.