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

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

Wall Street Analyst Weigh In

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

Monument Mining Stock Performance

The stock has a market cap of C$91.22 million, a P/E ratio of 9.57 and a beta of 1.07. The company has a fifty day moving average of C$0.32 and a 200 day moving average of C$0.26. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.70 and a quick ratio of 2.36.

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.