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

Monument Mining Limited (CVE:MMY) shares hit a new 52-week high during mid-day trading on Tuesday . The stock 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.

Wall Street Analyst Weigh In

Separately, Fundamental Research set a C$0.59 price objective 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 debt-to-equity ratio of 0.14, a quick ratio of 2.36 and a current ratio of 3.06. The company has a market cap of C$114.77 million, a price-to-earnings ratio of 11.67 and a beta of 1.07. The firm’s 50-day moving average price is C$0.29 and its 200 day moving average price is 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.