Monument Mining (CVE:MMY) Sets New 12-Month High – Time to Buy?

Monument Mining Limited (CVE:MMY)’s share price hit a new 52-week high on Tuesday . The stock traded as high as C$0.40 and last traded at C$0.40, with a volume of 450669 shares changing hands. The stock had previously closed at C$0.37.

Analyst Ratings Changes

Separately, Fundamental Research set a C$0.59 target price on Monument Mining and gave the company a “buy” rating in a research note on Monday, January 6th.

Monument Mining Stock Up 6.8 %

The firm has a market capitalization of C$91.22 million, a price-to-earnings ratio of 9.57 and a beta of 1.07. The stock has a 50 day moving average of C$0.32 and a 200 day moving average of C$0.26. The company has a quick ratio of 2.36, a current ratio of 2.70 and a debt-to-equity ratio of 0.12.

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.