Monument Mining (CVE:MMY) Sets New 12-Month High – Here’s Why

Monument Mining Limited (CVE:MMY)’s stock price hit a new 52-week high during trading on Monday . The stock traded as high as C$1.20 and last traded at C$1.16, with a volume of 790839 shares trading hands. The stock had previously closed at C$1.12.

Analyst Ratings Changes

Separately, Fundamental Research set a C$1.50 price target on shares of Monument Mining and gave the stock a “buy” rating in a report on Tuesday, November 11th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, Monument Mining has a consensus rating of “Buy” and a consensus target price of C$1.50.

Monument Mining Stock Performance

The stock has a market capitalization of C$442.00 million, a price-to-earnings ratio of 9.85 and a beta of 1.82. The company’s 50-day simple moving average is C$1.04 and its 200-day simple moving average is C$0.69. The company has a current ratio of 2.70, a quick ratio of 2.36 and a debt-to-equity ratio of 0.12.

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.