Monument Mining (CVE:MMY) Reaches New 12-Month High - Here's What Happened

Monument Mining Limited (CVE:MMY - Get Free Report) hit a new 52-week high on Tuesday . The company traded as high as C$0.36 and last traded at C$0.35, with a volume of 249160 shares traded. The stock had previously closed at C$0.35.

Analyst Upgrades and Downgrades

Separately, Fundamental Research set a C$0.59 target price on Monument Mining and gave the company a "buy" rating in a research note on Monday, January 6th.

Monument Mining Price Performance

The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.36 and a current ratio of 3.06. The company has a 50-day simple moving average of C$0.31 and a two-hundred day simple moving average of C$0.24. The stock has a market cap of C$119.69 million, a price-to-earnings ratio of 12.17 and a beta of 1.07.

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.