Fundamental Research Reiterates C$0.68 Price Target for Monument Mining (CVE:MMY)

Monument Mining (CVE:MMY) received a C$0.68 price target from stock analysts at Fundamental Research in a report issued on Tuesday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. Fundamental Research’s target price indicates a potential upside of 67.90% from the company’s previous close.

Monument Mining Trading Up 3.8 %

Shares of CVE:MMY opened at C$0.41 on Tuesday. Monument Mining has a 12-month low of C$0.13 and a 12-month high of C$0.42. The business’s fifty day simple moving average is C$0.35 and its 200-day simple moving average is C$0.29. The company has a market capitalization of C$93.53 million, a PE ratio of 9.81 and a beta of 1.07. The company has a current ratio of 2.70, a quick ratio of 2.36 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.