Monument Mining (CVE:MMY) Reaches New 12-Month High - Still a Buy?

Monument Mining Limited (CVE:MMY - Get Free Report)'s share price reached a new 52-week high on Monday . The company traded as high as C$0.38 and last traded at C$0.38, with a volume of 675479 shares trading hands. The stock had previously closed at C$0.37.

Analysts Set New Price Targets

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

Monument Mining Stock Performance

The company's 50-day moving average price is C$0.32 and its two-hundred day moving average price is C$0.25. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.36 and a current ratio of 2.70. The stock has a market cap of C$85.44 million, a PE ratio of 8.97 and a beta of 1.07.

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.