Monument Mining (CVE:MMY) Reaches New 1-Year High – Here’s What Happened

Shares of Monument Mining Limited (CVE:MMY) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as C$1.14 and last traded at C$1.09, with a volume of 909074 shares trading hands. The stock had previously closed at C$1.02.

Analyst Ratings Changes

Separately, Fundamental Research set a C$1.50 price objective on Monument Mining and gave the stock a “buy” rating in a research note on Tuesday. One analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, Monument Mining presently has an average rating of “Buy” and a consensus target price of C$1.50.

Monument Mining Price Performance

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$379.61 million, a PE ratio of 10.00 and a beta of 1.48. The firm’s fifty day simple moving average is C$0.77 and its two-hundred day simple moving average is C$0.56.

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.