Monument Mining (CVE:MMY) Reaches New 52-Week High - Time to Buy?

Monument Mining Limited (CVE:MMY - Get Free Report) shares hit a new 52-week high during trading on Wednesday . The stock traded as high as C$0.26 and last traded at C$0.25, with a volume of 168000 shares. The stock had previously closed at C$0.25.

Wall Street Analysts Forecast Growth

Separately, Fundamental Research set a C$0.51 price objective on Monument Mining and gave the stock a "buy" rating in a report on Tuesday, July 9th.

Monument Mining Stock Performance

The company has a market capitalization of C$93.46 million, a P/E ratio of 9.50 and a beta of 1.07. The company's 50 day moving average is C$0.19 and its 200-day moving average is C$0.16. The company has a current ratio of 3.06, a quick ratio of 2.36 and a debt-to-equity ratio of 0.14.

Monument Mining (CVE:MMY - Get Free Report) last announced its quarterly earnings data on Monday, September 30th. The company reported C$0.03 earnings per share for the quarter. Monument Mining had a net margin of 12.53% and a return on equity of 5.48%. The business had revenue of C$25.45 million for the quarter. Equities analysts anticipate that Monument Mining Limited will post 0.01 EPS for the current fiscal year.

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.