Monument Mining (CVE:MMY) Hits New 52-Week High – Should You Buy?

Monument Mining Limited (CVE:MMY)’s share price reached a new 52-week high on Monday . The stock traded as high as C$0.44 and last traded at C$0.46, with a volume of 314319 shares traded. The stock had previously closed at C$0.43.

Analyst Ratings Changes

Separately, Fundamental Research set a C$0.68 price objective on shares of Monument Mining and gave the stock a “buy” rating in a research report on Tuesday, March 18th.

Monument Mining Price Performance

The stock has a 50-day moving average of C$0.37 and a 200 day moving average of C$0.30. The company has a market capitalization of C$100.45 million, a PE ratio of 10.54 and a beta of 1.07. The company has a quick ratio of 2.36, a current ratio of 2.70 and a debt-to-equity ratio of 0.12.

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.