Monument Mining (CVE:MMY) Given a C$0.59 Price Target by Fundamental Research Analysts

Monument Mining (CVE:MMY) received a C$0.59 target price from stock analysts at Fundamental Research in a report released on Monday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. Fundamental Research’s price target indicates a potential upside of 84.38% from the company’s current price.

Monument Mining Price Performance

Shares of MMY traded up C$0.02 on Monday, reaching C$0.32. The stock had a trading volume of 525,375 shares, compared to its average volume of 386,776. The company has a quick ratio of 2.36, a current ratio of 3.06 and a debt-to-equity ratio of 0.14. The firm has a market capitalization of C$104.93 million, a PE ratio of 10.67 and a beta of 1.07. The firm has a 50-day moving average of C$0.28 and a 200 day moving average of C$0.21. Monument Mining has a twelve month low of C$0.13 and a twelve month high of C$0.33.

Monument Mining Company Profile

Monument Mining Limited operates as a gold producer, engages in the acquisition, exploration, and development of gold, precious metals, and other base metal properties in Canada, Australia, and Malaysia. The company holds 100% interest in the Selinsing gold mine, including the Selinsing, Buffalo Reef, Felda Land, and Famehub projects that are located in Pahang State within the Central Gold Belt of Western Malaysia; and the Murchison gold project portfolio comprising the Burnakura, Tuckanarra, and Gabanintha projects, which are located in the Murchison region of Western Australia.