Monument Mining (CVE:MMY) Stock Price Down 4.4% – Here’s Why

Monument Mining Limited (CVE:MMY)’s stock price was down 4.4% during trading on Friday . The company traded as low as C$0.42 and last traded at C$0.44. Approximately 172,401 shares traded hands during mid-day trading, a decline of 53% from the average daily volume of 363,219 shares. The stock had previously closed at C$0.46.

Analysts Set New Price Targets

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

Monument Mining Price Performance

The firm has a market capitalization of C$100.45 million, a price-to-earnings ratio of 10.54 and a beta of 1.07. The business’s fifty day simple moving average is C$0.43 and its 200 day simple moving average is C$0.35. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.70 and a quick ratio of 2.36.

Insider Activity

In other news, Director Graham Dickson sold 59,000 shares of Monument Mining stock in a transaction dated Thursday, April 24th. The shares were sold at an average price of C$0.44, for a total transaction of C$25,883.30. Corporate insiders own 18.37% of the company’s stock.

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.