Monument Mining (CVE:MMY) Given a C$1.82 Price Target by Fundamental Research Analysts

Monument Mining (CVE:MMY) received a C$1.82 price objective from investment analysts at Fundamental Research in a research note issued to investors on Friday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Fundamental Research’s price target indicates a potential upside of 119.28% from the stock’s current price.

Monument Mining Price Performance

Monument Mining stock traded up C$0.02 during midday trading on Friday, reaching C$0.83. The company had a trading volume of 166,167 shares, compared to its average volume of 628,908. The company has a market capitalization of C$287.36 million, a P/E ratio of 3.95 and a beta of 0.94. Monument Mining has a 12-month low of C$0.40 and a 12-month high of C$1.55. The firm’s fifty day simple moving average is C$0.86 and its 200-day simple moving average is C$1.03. The company has a debt-to-equity ratio of 0.04, a current ratio of 5.68 and a quick ratio of 2.36.

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.