Monument Mining (CVE:MMY) Hits New 1-Year High – What’s Next?

Monument Mining Limited (CVE:MMY) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as C$0.33 and last traded at C$0.33, with a volume of 549000 shares. The stock had previously closed at C$0.31.

Wall Street Analyst Weigh In

Separately, Fundamental Research set a C$0.59 target price on Monument Mining and gave the stock a “buy” rating in a research report on Monday.

Monument Mining Trading Up 8.1 %

The firm’s 50-day simple moving average is C$0.28 and its 200 day simple moving average is C$0.21. The stock has a market cap of C$109.85 million, a P/E ratio of 11.17 and a beta of 1.07. The company has a current ratio of 3.06, a quick ratio of 2.36 and a debt-to-equity ratio of 0.14.

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.