Monument Mining (CVE:MMY) Reaches New 52-Week High – Should You Buy?

Monument Mining Limited (CVE:MMY)’s stock price reached a new 52-week high during trading on Monday . The company traded as high as C$0.38 and last traded at C$0.38, with a volume of 675479 shares trading hands. 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 company a “buy” rating in a report on Monday, January 6th.

Monument Mining Price Performance

The firm has a market cap of C$119.69 million, a P/E ratio of 12.17 and a beta of 1.07. The stock’s 50-day moving average is C$0.31 and its 200-day moving average is C$0.25. The company has a quick ratio of 2.36, a current ratio of 3.06 and a debt-to-equity ratio of 0.14.

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.