Monument Mining (CVE:MMY) Sets New 12-Month High - Time to Buy?

Monument Mining Limited (CVE:MMY - Get Free Report)'s share price reached a new 52-week high on Monday . The stock traded as high as C$0.46 and last traded at C$0.46, with a volume of 487359 shares. The stock had previously closed at C$0.45.

Wall Street Analysts Forecast Growth

Separately, Fundamental Research set a C$0.68 price objective on Monument Mining and gave the company a "buy" rating in a research note on Tuesday, March 18th.

Monument Mining Stock Down 4.3 %

The company has a debt-to-equity ratio of 0.12, a current ratio of 2.70 and a quick ratio of 2.36. The company has a market cap of C$102.76 million, a price-to-earnings ratio of 10.78 and a beta of 1.07. The firm has a 50-day moving average price of C$0.39 and a 200 day moving average price of C$0.33.

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.