Monument Mining (CVE:MMY) Stock Price Down 2% – Should You Sell?

Shares of Monument Mining Limited (CVE:MMY) were down 2% during mid-day trading on Friday. The company traded as low as C$0.98 and last traded at C$0.98. Approximately 135,704 shares changed hands during mid-day trading, a decline of 74% from the average session volume of 522,525 shares. The stock had previously closed at C$1.00.

Wall Street Analyst Weigh In

Separately, Fundamental Research set a C$1.82 target price on Monument Mining and gave the company a “buy” rating in a report on Friday, July 3rd. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat, Monument Mining currently has an average rating of “Buy” and a consensus price target of C$1.82.

Monument Mining Stock Down 2.0%

The stock has a 50 day moving average price of C$0.92 and a 200 day moving average price of C$0.89. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.36 and a current ratio of 5.68. The company has a market capitalization of C$339.29 million, a P/E ratio of 4.67 and a beta of 1.33.

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.