MIDNIGHT SUN MINING CORP chart

Last update: 2021-02-19
Key statistics and financials
Revenue per share N/A
Dividend & YieldN/AC$ (N/A)
Beta 1.24
Market capitalization 20.34M
Operating cash flow -869.15k
ESG Scores unknown

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.

Sector: Basic Materials - Industry: Other Industrial Metals & Mining

Financial data

Diluted earning per share

Net income vs Operating income

Asset vs Liabilities

Financial Statements

Cashflow Statement 2018-12-31 2019-12-31 2020-12-31 2021-12-31
Change To Liabilities 32.36k 8.58k 79.68k -65.01k
Total Cashflows From Investing Activities -2.92M -338.67k -133.15k -133.14k
Net Borrowings -26.38k -26.38k 13.36k -26.72k
Total Cash From Financing Activities 2.71M 247.16k 1.94M 2.51M
Change To Operating Activities -278.14k 177.26k -106.02k 23k
Issuance Of Stock 2.82M 278.8k 1.99M 2.61M
Net Income -1.46M -357k -759.13k -1.9M
Change In Cash -1.32M -200.91k 1.05M 1.5M
Effect Of Exchange Rate
Total Cash From Operating Activities -1.11M -109.39k -753.05k -869.15k
Depreciation 23.4k 23.4k 23.4k 23.76k
Change To Account Receivables -17.49k 1.86k -1.82k 23.57k
Other Cashflows From Financing Activities -103.2k -5.26k -62.79k -78.87k
Change To Netincome 611.67k 36.5k 10.85k 1.03M
Capital Expenditures -2.92M -338.67k -139.74k -139.74k

Income Statement 2018-12-31 2019-12-31 2020-12-31 2021-12-31
Research Development
Income Before Tax -1.46M -357k -759.13k -1.9M
Net Income -1.46M -357k -759.13k -1.9M
Selling General Administrative 636.68k 228.04k 588.49k 712.9k
Gross Profit
Ebit -1.25M -282.88k -942.3k -1.78M
Operating Income -1.25M -282.88k -942.3k -1.78M
Interest Expense -5.06k -5.06k -2.81k
Income Tax Expense
Total Revenue
Cost Of Revenue
Total Other Income ExpenseNet -210.57k -74.12k 183.16k -121.6k
Net Income From Continuing Ops -1.46M -357k -759.13k -1.9M
Net Income Applicable To Common Shares -1.46M -357k -759.13k -1.9M

Balance Sheet Statement 2018-12-31 2019-12-31 2020-12-31 2021-12-31
Total Liabilities 588.86k 633.22k 241.07k 230.01k
Total Stockholder Equity 10.87M 10.81M 12.31M 14.65M
Other Current Liabilities 2.08k 124.59k 4.2k 66.3k
Total Assets 11.46M 18.94M 20.04M 20.78M
Common Stock 16.32M 16.62M 18.46M 21.02M
Other Current Assets 76.36k 21.6k 26.02k 65.11k
Retained Earnings -6.87M -7.23M -7.99M -8.3M
Treasury Stock 1.42M 1.43M 1.84M 1.93M
Cash 207.88k 6.97k 1.06M 2.56M
Total Current Liabilities 588.86k 615.96k 201.07k 171.96k
Other Stockholder Equity 1.42M 1.43M 1.84M 1.93M
Property, Plant, and Equipment 11.14M 18.83M 17.76M 17.61M
Total Current Assets 314.15k 105.31k 2.28M 2.64M
Net Tangible Assets 10.87M 10.81M 12.31M 14.65M
Net Receivables 29.92k 76.74k 860.66k 6.32k
Accounts Payable 586.77k 467.54k 179.62k 81.11k


Insider Transactions

Here are the insider transactions of stock shares related to MIDNIGHT SUN MINING CORP:

Filer Name Transaction Text Ownership Date Filer Relation Shares
Richards (Brett Allan)Exercise of warrants at price 0.16 per share.D2021-08-06Senior Officer of Issuer416.67k

Insider transaction explanations

Insider buying is the legal purchase of shares by a senior executive or director of a company. "Filer Name" corresponds to the name of the stock buyer or seller. "Transaction Text" describes the transaction. "Ownership" gives information about the transaction type. "Date" is the reported transaction date. "Filer Relation" gives the role of the insider in the company. "Shares" is the value of the transaction. You will find the complete description of the General Transaction Codes on the SEC dedicated page


Investment strategy backtesting

These are the result of three automatic investment systems applied to MIDNIGHT SUN MINING CORP. You will find the performance of an systematic investment system, a momentum strategy, and a buy the dip trading strategy.


Systematic investment results on MIDNIGHT SUN MINING CORP

Here is the result of two systematic investment strategies applied to MIDNIGHT SUN MINING CORP. The first strategy automatically buys the first day of the month, and the second strategy buys the fifteenth day of the month.

Systematic investment equity curve on MIDNIGHT SUN MINING CORP

The following chart shows the equity curve of the two systematic investment strategies applied to MIDNIGHT SUN MINING CORP:

MIDNIGHT SUN MINING CORP automated entries

The systematic investment strategy that buys the first day of the month would give a performance of 50.86% on the backtest period.

Performance at glance

Performance

50.86 %

Latent gain

1017.22 C$

Invested capital

2000.22 C$

Annualized return

11.51 %
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Momentum strategy results on MIDNIGHT SUN MINING CORP

This is the result of two momentum investment strategies applied to MIDNIGHT SUN MINING CORP. The first strategy uses a momentum signal calculated on one quarter, and the second uses a momentum signal calculated on two quarters.

Momentum entry openings on MIDNIGHT SUN MINING CORP

The following chart shows all the entries opened by the momentum investment system on MIDNIGHT SUN MINING CORP:

MIDNIGHT SUN MINING CORP momentum entries
  • The first momentum investment strategy would give 110.22% of return on MIDNIGHT SUN MINING CORP. That represents 7164.13C$ of latent gain with 6499.8C$ of employed capital.
  • The second momentum investment strategy would give 112.84% of return on MIDNIGHT SUN MINING CORP. That represents 6205.69C$ of latent gain with 5499.58C$ of employed capital.
Performance at glance (1Q Momentum)

Performance

110.22 %

Latent gain

7164.13 C$

Invested capital

6499.8 C$

Annualized return

72.81 %
Performance at glance (2Q Momentum)

Performance

112.84 %

Latent gain

6205.69 C$

Invested capital

5499.58 C$

Annualized return

28.64 %

Momentum equity curve on MIDNIGHT SUN MINING CORP

The following chart shows the equity curve of the two momentum strategies applied to MIDNIGHT SUN MINING CORP:

MIDNIGHT SUN MINING CORP momentum equity

Note: the dividends potentially given by MIDNIGHT SUN MINING CORP are not integrated into the calculation of the equity curve neither the performance of the strategy. The integration of the dividends will be available soon.


Employed capital on MIDNIGHT SUN MINING CORP

The following chart shows the employed capital evolution of the two momentum strategies on MIDNIGHT SUN MINING CORP since the beginning:

MIDNIGHT SUN MINING CORP

Note: the algorithm buys for a maximum of 250$ per entry. If the stock price is greater than 250C$, the system buys only one stock per entry. The investment system stops automatically when the financial exposure reaches 10000C$.


Buy the dip strategy result on MIDNIGHT SUN MINING CORP

Buy the dip entry openings on MIDNIGHT SUN MINING CORP

MIDNIGHT SUN MINING CORP

The performance achieved by the robo-advisor on MIDNIGHT SUN MINING CORP is 176.19%. That represents 440.49$ of latent gain with 250.0C$ of employed capital. The following chart shows MIDNIGHT SUN MINING CORP stock price with all the entries opened by the automated investment system.

Note: The blue line represents the weekly stock price of MIDNIGHT SUN MINING CORP, and the green triangles represent the entry openings. The artificall robo-advisor needs at least 100 weeks of trading history to work.

Performance at glance

Performance

176.19 %

Latent gain

440.49 C$

Invested capital

250.0 C$

Annualized return

72.81 %

Equity curve of the strategy applied to MIDNIGHT SUN MINING CORP

The following chart shows the result of the investment strategy applied to MIDNIGHT SUN MINING CORP:

MIDNIGHT SUN MINING CORP

Note: the dividends potentially given by MIDNIGHT SUN MINING CORP are not integrated into the calculation of the equity curve neither the performance of the strategy. The integration of the dividends will be available soon.


Employed capital on MIDNIGHT SUN MINING CORP

The following chart shows the employed capital evolution since the beginning of the investment strategy on MIDNIGHT SUN MINING CORP:

MIDNIGHT SUN MINING CORP

Note: the algorithm buys for a maximum of 250$ per entry. If the stock price is greater than 250$, the system buys only one stock per entry. The investment system stops automatically when the financial exposure reaches 10000$.


Investment strategies comparison on MIDNIGHT SUN MINING CORP

In this section, I will compare the three previous investment strategies applied to MIDNIGHT SUN MINING CORP.

Equity curve comparison on MIDNIGHT SUN MINING CORP

The following chart shows the equity curve of the artificall advisor, the trend folowing and the automatic investment strategies:

MIDNIGHT SUN MINING CORP investment strategy comparison

Employed capital comparison on MIDNIGHT SUN MINING CORP

MIDNIGHT SUN MINING CORP investment comparison

Performance comparison on MIDNIGHT SUN MINING CORP

Strategy Latent Profit Growth Employed capital CAGR
Automatic investment 50.86% 1017.22C$ 2000.22C$ 11.51%
Momentum 1 quarter 110.22% 7164.13C$ 6499.8C$ 26.37%
Momentum 2 quarters 112.84% 6205.69C$ 5499.58C$ 28.64%
Non-directional 176.19% 440.49C$ 250.0C$ 72.81%
Annualized return comparison

Automatic investment

11.51 %

Momentum 1Q

28.64 %

Momentum 2Q

28.64 %

Non-directional

72.81 %

Correlated stocks

Here are the most positively and negatively correlated stocks with MIDNIGHT SUN MINING CORP:

Positive correlations

Most correlated stocks this year


Most correlated stocks last 3 months

Negative correlation

Most negatively correlated stocks this year


Most negatively correlated stocks last 3 months

Note: The algorithm computes the probability of correlation between MIDNIGHT SUN MINING CORP and the other stocks. There may be false positives or some missing correlated stocks. If the price of MIDNIGHT SUN MINING CORP does not vary for 36 weeks, the correlation calculation result will be wrong.


Company information

Company name MIDNIGHT SUN MINING CORP
Country Canada
City Vancouver
Address 789 West Pender Street
Phone
Website www.midnightsunmining.com
FullTime employees
Industry Other Industrial Metals & Mining
Sector Basic Materials
Exchange XTSX
Ticker MMA.XTSX
Market www.tsx.com

MIDNIGHT SUN MINING CORP ESG Scores

Environment scores

Environment ESG Factors Scores
Environment Score 0
Peer Environment Performance unknown
Environment Percentile unknown
Palm Oil unknown
Nuclear unknown
Fur Leather unknown
GMO unknown
Coal unknown
Pesticides unknown
Animal Testing unknown

Social scores

Social ESG Factors Scores
Social Score 0
Peer Social Performance unknown
Social Percentile unknown
Highest Controversy unknown
Peer Highest Controversy Performance unknown
Adult unknown
Gambling unknown
Alcoholic unknown
Tobacco unknown
Catholic unknown
Controversial Weapons unknown
Small Arms unknown
Military Contract unknown
Peer Count unknown

Related Controversy:


Governance scores

Governance ESG Factors Scores
Governance Score 0
Peer Governance Performance unknown
Governance Percentile unknown

ESG at glance
Total ESG Scores: unknown
Environment Score: 0
Social Score: 0
Governance Score: 0

ESG Performance: unknown

Peer Group: unknown

Peer Esg Score Performance: unknown

Rating Year: unknown

Rating Month: unknown

Max Age: unknown

Percentile: unknown