Midnight Sun Mining Stock Today
| MDNGF Stock | USD 0.20 0.01 4.76% |
Performance1 of 100
| Odds Of DistressOver 63
|
Midnight Sun is trading at 0.2 as of the 19th of April 2024. This is a -4.76 percent decrease since the beginning of the trading day. The stock's lowest day price was 0.2. Midnight Sun has more than 63 % chance of experiencing financial distress in the next few years of operation. It also did not have a very good performance during the last 90 trading days. Equity ratings for Midnight Sun Mining are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 20th of March 2024 and ending today, the 19th of April 2024. Click here to learn more.
Midnight Sun Mining Corp. engages in the acquisition and exploration of mineral properties in Africa. Midnight Sun Mining Corp. was incorporated in 2007 and is headquartered in Vancouver, Canada. Midnight Sun is traded on OTC Exchange in the United States. The company has 117.69 M outstanding shares. More on Midnight Sun Mining
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Moving against Midnight Pink Sheet
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Follow Valuation Odds of Bankruptcy
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Midnight Pink Sheet Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Midnight Sun's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Midnight Sun or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| President CEO, Director | Robert Sibthorpe |
| Business Concentration | Other Industrial Metals & Mining, Basic Materials (View all Sectors) |
Midnight Sun Mining [MDNGF] is a Pink Sheet which is traded between brokers as part of OTC trading. The company currently falls under 'Micro-Cap' category with a current market capitalization of 22.36 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Midnight Sun's market, we take the total number of its shares issued and multiply it by Midnight Sun's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Midnight Sun Mining classifies itself under Basic Materials sector and is part of Other Industrial Metals & Mining industry. The entity has 117.69 M outstanding shares.
Midnight Sun Mining has accumulated about 1.7 M in cash with (869.15 K) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.01.
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Ownership AllocationMidnight Sun Mining holds a total of 117.69 Million outstanding shares. Midnight Sun Mining secures 8.36 % of its outstanding shares held by insiders and 0.0 % owned by institutional investors. Remember, it does not matter who owns the company or if the company is currently losing money. If the true value of the company is more than the market pays for it currently, you can still have a good investment opportunity.
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Midnight Stock Price Odds Analysis
In reference to a normal probability distribution, the odds of Midnight Sun jumping above the current price in 90 days from now is about 29.64%. The Midnight Sun Mining probability density function shows the probability of Midnight Sun pink sheet to fall within a particular range of prices over 90 days. Assuming the 90 days horizon Midnight Sun has a beta of 0.6147. This indicates as returns on the market go up, Midnight Sun average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Midnight Sun Mining will be expected to be much smaller as well. Additionally, midnight Sun Mining has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite.
Based on a normal probability distribution, the odds of Midnight Sun to move above the current price in 90 days from now is about 29.64 (This Midnight Sun Mining probability density function shows the probability of Midnight Pink Sheet to fall within a particular range of prices over 90 days) .
Midnight Sun Mining Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. Midnight Sun market risk premium is the additional return an investor will receive from holding Midnight Sun long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Midnight Sun. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Midnight Sun's alpha and beta are two of the key measurements used to evaluate Midnight Sun's performance over the market, the standard measures of volatility play an important role as well.
| Mean Deviation | 3.19 | |||
| Semi Deviation | 4.1 | |||
| Standard Deviation | 5.73 | |||
| Variance | 32.88 |
Midnight Stock Against Markets
Picking the right benchmark for Midnight Sun pink sheet is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Midnight Sun pink sheet price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Midnight Sun is critical whether you are bullish or bearish towards Midnight Sun Mining at a given time. Please also check how Midnight Sun's historical prices are related to one of the top price index indicators.
Be your own money manager
Our tools can tell you how much better you can do entering a position in Midnight Sun without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Midnight Sun Corporate Executives
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.
How to buy Midnight Pink Sheet?
Before investing in Midnight Sun, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Midnight Sun. To buy Midnight Sun stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Midnight Sun. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Midnight Sun stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Midnight Sun Mining stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Midnight Sun Mining stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Midnight Sun Mining, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments.
Already Invested in Midnight Sun Mining?
The danger of trading Midnight Sun Mining is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Midnight Sun is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Midnight Sun. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Midnight Sun Mining is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Midnight Sun Mining. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in price. Note that the Midnight Sun Mining information on this page should be used as a complementary analysis to other Midnight Sun's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Price Transformation module to use Price Transformation models to analyze the depth of different equity instruments across global markets.
Complementary Tools for Midnight Pink Sheet 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.
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