Monument Mining (CVE:MMY) Trading Up 1.1% – Here’s Why

Shares of Monument Mining Limited (CVE:MMY) were up 1.1% on Tuesday . The stock traded as high as C$0.93 and last traded at C$0.91. Approximately 558,000 shares were traded during mid-day trading, a decline of 16% from the average daily volume of 664,741 shares. The stock had previously closed at C$0.90.

Wall Street Analyst Weigh In

Separately, Fundamental Research set a C$2.10 price objective on shares of Monument Mining and gave the stock a “buy” rating in a research report on Tuesday, March 17th. One analyst has rated the stock with a Buy rating, According to MarketBeat, Monument Mining currently has a consensus rating of “Buy” and a consensus price target of C$2.10.

Monument Mining Stock Down 4.3%

The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.36 and a current ratio of 5.68. The firm’s 50-day moving average is C$0.90 and its two-hundred day moving average is C$1.06. The stock has a market cap of C$311.49 million, a P/E ratio of 5.63 and a beta of 1.37.

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.