Monument Mining (CVE:MMY) Reaches New 1-Year High - What's Next?

Monument Mining Limited (CVE:MMY - Get Free Report) shares hit a new 52-week high during trading on Tuesday . The company traded as high as C$0.40 and last traded at C$0.40, with a volume of 450669 shares changing hands. The stock had previously closed at C$0.37.

Wall Street Analysts Forecast Growth

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

Monument Mining Stock Down 5.2 %

The company has a market capitalization of C$84.29 million, a P/E ratio of 8.84 and a beta of 1.07. The company has a current ratio of 2.70, a quick ratio of 2.36 and a debt-to-equity ratio of 0.12. The stock has a 50 day moving average price of C$0.33 and a 200 day moving average price of C$0.26.

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.