Monument Mining (CVE:MMY) Reaches New 52-Week High – Should You Buy?

Shares of Monument Mining Limited (CVE:MMY) hit a new 52-week high during mid-day trading on Monday . The company traded as high as C$0.38 and last traded at C$0.38, with a volume of 675479 shares changing hands. The stock had previously closed at C$0.37.

Analyst Upgrades and Downgrades

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 Up 2.8 %

The company has a debt-to-equity ratio of 0.14, a current ratio of 3.06 and a quick ratio of 2.36. The stock has a market cap of C$119.69 million, a price-to-earnings ratio of 12.17 and a beta of 1.07. The firm has a 50 day simple moving average of C$0.31 and a two-hundred day simple moving average of C$0.25.

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.