Monument Mining (CVE:MMY) Given a C$0.68 Price Target by Fundamental Research Analysts

Monument Mining (CVE:MMY - Get Free Report) has been assigned a C$0.68 price target by Fundamental Research in a research note issued on Tuesday,BayStreet.CA reports. The firm presently has a "buy" rating on the stock. Fundamental Research's target price would suggest a potential upside of 63.86% from the stock's previous close.

Monument Mining Stock Down 1.2 %

Shares of MMY traded down C$0.01 during mid-day trading on Tuesday, hitting C$0.42. 105,059 shares of the company's stock were exchanged, compared to its average volume of 381,386. The company has a quick ratio of 2.36, a current ratio of 2.70 and a debt-to-equity ratio of 0.12. The firm has a fifty day moving average of C$0.35 and a two-hundred day moving average of C$0.29. The stock has a market cap of C$95.84 million, a price-to-earnings ratio of 10.06 and a beta of 1.07. Monument Mining has a twelve month low of C$0.13 and a twelve month high of C$0.44.

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.