Monument Mining (CVE:MMY) Sets New 52-Week High – What’s Next?

Monument Mining Limited (CVE:MMY) hit a new 52-week high on Wednesday . The company traded as high as C$0.42 and last traded at C$0.42, with a volume of 307500 shares. The stock had previously closed at C$0.39.

Analyst Upgrades and Downgrades

Separately, Fundamental Research set a C$0.68 price objective on Monument Mining and gave the stock a “buy” rating in a report on Tuesday.

Monument Mining Stock Performance

The firm has a fifty day moving average of C$0.35 and a 200-day moving average of C$0.28. The company has a quick ratio of 2.36, a current ratio of 2.70 and a debt-to-equity ratio of 0.12. The firm has a market cap of C$94.68 million, a P/E ratio of 9.93 and a beta of 1.07.

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.