Monument Mining (CVE:MMY) Hits New 1-Year High – Here’s What Happened

Posted by Scott Moore on Jan 7th, 2025

Monument Mining Limited (CVE:MMY – Get Free Report) shares hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as C$0.33 and last traded at C$0.33, with a volume of 549000 shares changing hands. The stock had previously closed at C$0.31.

Analysts Set New Price Targets

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

Check Out Our Latest Report on Monument Mining

Monument Mining Trading Up 8.1 %

The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.36 and a current ratio of 3.06. The stock has a market capitalization of C$109.85 million, a P/E ratio of 11.17 and a beta of 1.07. The business has a 50 day simple moving average of C$0.28 and a 200-day simple moving average of C$0.21.

About Monument Mining

(Get Free Report)

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.