Midnight Sun Mining (MMA) AI Stock Analysis

• Market Cap: C$115.63M
• Dividend Yield: N/A
• Average Volume (3M): 146.47K
• 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: 63
• Industry: Industrial Materials
• EPS (TTM): -0.02
• Shares Outstanding: 175,195,160
• 10 Day Avg. Volume: 183,005
• 30 Day Avg. Volume: 146,471
• PEG Ratio: 1.10
• Price to Book (P/B): 5.28
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -36.80
• 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

• Rating: 36 Underperform
• Price Target: ―

Midnight Sun Mining's overall score reflects significant financial challenges due to ongoing losses and lack of revenue generation. The technical indicators suggest a cautious outlook, with no strong positive momentum. Although corporate events show promising exploration activities, the current valuation and financial performance remain key concerns.

Midnight Sun Mining Business Overview & Revenue Model

Company Description

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.

How the Company Makes Money

Midnight Sun Mining makes money primarily through the exploration and development of mineral resources, which are subsequently sold or leased to larger mining companies for extraction. The company's revenue streams include the sale of mineral rights, joint ventures, and strategic partnerships with major mining corporations. Additionally, MMA may generate income from equity financing, government grants, and subsidies aimed at supporting mining exploration and development. The company's earnings are influenced by global commodity prices, exploration success rates, and its ability to secure and maintain beneficial partnerships.

Midnight Sun Mining Financial Statement Overview

Summary

Midnight Sun Mining faces significant financial hurdles with no revenue generation and consistent operational losses. While the company has a robust equity base and minimal debt, its inability to generate positive cash flows and income poses challenges for sustainability. The reliance on financing might provide short-term liquidity but does not solve underlying profitability issues.

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 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement		Total Revenue
0.00	0.00	0.00	0.00	0.00
	Gross Profit
-78.33K	-37.39K	-25.63K	-23.76K	-23.40K
	EBIT
-3.69M	-1.15M	-3.34M	-1.93M	-1.00M
	EBITDA
-3.24M	-1.15M	-3.15M	-1.90M	-732.92K
	Net Income Common Stockholders
-3.35M	-1.54M	-3.18M	-1.90M	-759.13K
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
7.82M	23.88K	40.48K	2.56M	1.39M
	Total Assets
21.99M	13.96M	10.69M	20.78M	20.04M
	Total Debt
314.68K	539.27K	58.43K	82.61K	57.26K
	Net Debt
-5.00M	515.39K	17.95K	-2.48M	-1.00M
	Total Liabilities
456.49K	731.14K	518.66K	230.01K	241.07K
	Stockholders Equity
19.50M	11.19M	4.62M	14.65M	12.31M
Cash Flow		Free Cash Flow
-2.90M	-1.62M	-2.24M	-1.01M	-29.01K
	Operating Cash Flow
-2.90M	-1.62M	-2.24M	-869.15K	-753.05K
	Investing Cash Flow
-2.37M	470.55K	-263.88K	-133.14K	-133.15K
	Financing Cash Flow
10.56M	1.14M	-23.29K	2.51M	1.94M

Midnight Sun Mining Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.64
• 50DMA: Positive
• 100DMA: Positive
• 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 0.64 is above the 20-day moving average (MA) of 0.60, above the 50-day MA of 0.60, and above the 200-day MA of 0.52, indicating a bullish trend. The MACD of 0.02 indicates Negative momentum. The RSI at 56.20 is Neutral, neither overbought nor oversold. The STOCH value of 63.33 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
Sector *	50 Neutral	$1.98B	-1.07	-21.34%	3.71%	2.03%	-30.65%
TDG	46 Neutral	C$110.52M	―	-49.32%	―	―	42.21%
OCO	41 Neutral	C$77.01M	―	-4.45%	―	―	-26.76%
CNRI	39 Underperform	C$86.92M	―	-4.28%	―	―	70.47%
MMA	36 Underperform	C$115.63M	―	-21.82%	―	―	-72.31%
LRAXF		$69.69M	―	-15.91%	―	―	―
BENZF		$52.78M	―	-29.44%	―	―	―

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.