Monument Mining (CVE:MMY) Reaches New 1-Year High – Still a Buy?

Monument Mining Limited (CVE:MMY)’s stock price reached a new 52-week high on Tuesday . The company traded as high as C$0.36 and last traded at C$0.35, with a volume of 212150 shares changing hands. The stock had previously closed at C$0.33.

Analysts Set New Price Targets

Separately, Fundamental Research set a C$0.59 target price on Monument Mining and gave the stock a “buy” rating in a research report on Monday, January 6th.

Monument Mining Stock Performance

The company has a market capitalization of C$104.93 million, a price-to-earnings ratio of 10.67 and a beta of 1.07. The company has a current ratio of 3.06, a quick ratio of 2.36 and a debt-to-equity ratio of 0.14. The stock has a 50-day simple moving average of C$0.29 and a 200-day simple moving average of C$0.23.

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.