Monument Mining (CVE:MMY) Given a C$0.59 Price Target at Fundamental Research

Fundamental Research set a C$0.59 price target on Monument Mining (CVE:MMY - Free Report) in a research note released on Monday,BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

Monument Mining Price Performance

CVE:MMY traded up C$0.01 on Monday, hitting C$0.31. The company had a trading volume of 640,230 shares, compared to its average volume of 425,061. The firm has a 50 day moving average of C$0.28 and a two-hundred day moving average of C$0.21. The stock has a market capitalization of C$101.66 million, a price-to-earnings ratio of 10.33 and a beta of 1.07. Monument Mining has a 52 week low of C$0.13 and a 52 week high of C$0.33. The company has a current ratio of 3.06, a quick ratio of 2.36 and a debt-to-equity ratio of 0.14.

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.