Monument Mining (CVE:MMY) Sets New 52-Week High - Still a Buy?

Shares of Monument Mining Limited (CVE:MMY - Get Free Report) reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as C$0.42 and last traded at C$0.42, with a volume of 307500 shares changing hands. The stock had previously closed at C$0.39.

Wall Street Analyst Weigh In

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

Monument Mining Price Performance

The stock has a market capitalization of C$95.84 million, a PE ratio of 10.06 and a beta of 1.07. 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 company's fifty day simple moving average is C$0.35 and its two-hundred day simple moving average is C$0.29.

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.