Monument Mining (CVE:MMY) Stock Price Down 4.8% – What’s Next?

Monument Mining Limited (CVE:MMY) shares were down 4.8% during mid-day trading on Wednesday . The stock traded as low as C$0.78 and last traded at C$0.79. Approximately 656,122 shares traded hands during trading, an increase of 2% from the average session volume of 641,295 shares. The stock had previously closed at C$0.83.

Wall Street Analyst Weigh In

Separately, Fundamental Research set a C$2.10 price target on shares of Monument Mining and gave the company a “buy” rating in a report on Tuesday, March 17th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of C$2.10.

Monument Mining Stock Performance

The company has a market cap of C$273.51 million, a PE ratio of 3.76 and a beta of 0.94. The company has a debt-to-equity ratio of 0.04, a current ratio of 5.68 and a quick ratio of 2.36. The business has a 50-day moving average of C$0.87 and a 200 day moving average of C$1.04.

About Monument Mining

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.