Monument Mining (CVE:MMY) Hits New 1-Year High at $0.21

Shares of Monument Mining Limited (CVE:MMY) hit a new 52-week high on Monday . The stock traded as high as C$0.21 and last traded at C$0.21, with a volume of 616612 shares traded. The stock had previously closed at C$0.19.

Wall Street Analysts Forecast Growth

Separately, Fundamental Research set a C$0.51 price objective on shares of Monument Mining and gave the stock a “buy” rating in a research report on Tuesday, July 9th.

Monument Mining Stock Performance

The stock’s fifty day simple moving average is C$0.15 and its 200 day simple moving average is C$0.16. The company has a market cap of C$73.78 million, a price-to-earnings ratio of -18.50 and a beta of 1.01. The company has a current ratio of 3.47, a quick ratio of 2.36 and a debt-to-equity ratio of 0.17.

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.