Monument Mining (CVE:MMY) Shares Down 5.7% – Here’s Why

Monument Mining Limited (CVE:MMY)’s share price dropped 5.7% during trading on Tuesday . The stock traded as low as C$0.82 and last traded at C$0.82. Approximately 300,288 shares traded hands during trading, a decline of 57% from the average daily volume of 694,901 shares. The stock had previously closed at C$0.87.

Analyst Upgrades and Downgrades

Separately, Fundamental Research set a C$2.10 target price on Monument Mining and gave the company a “buy” rating in a research report on Tuesday, March 17th. One research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock has an average rating of “Buy” and an average price target of C$2.10.

Monument Mining Stock Performance

The stock has a market capitalization of C$301.11 million, a P/E ratio of 5.44 and a beta of 1.37. The stock has a 50 day moving average of C$0.91 and a 200 day moving average of C$1.07. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.36 and a current ratio of 4.57.

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.