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

Shares of Monument Mining Limited (CVE:MMY) hit a new 52-week high during 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 changing hands. The stock had previously closed at C$0.31.

Analysts Set New Price Targets

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

Monument Mining Price Performance

The firm has a market cap of C$113.13 million, a P/E ratio of 11.50 and a beta of 1.07. The company has a quick ratio of 2.36, a current ratio of 3.06 and a debt-to-equity ratio of 0.14. The business’s 50 day moving average is C$0.28 and its two-hundred day moving average is C$0.21.

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.