Monument Mining (CVE:MMY) Hits New 12-Month High – Here’s What Happened

Posted by Doug Wharley on Feb 4th, 2025

Monument Mining Limited (CVE:MMY – Get Free Report) shares hit a new 52-week high during trading on Tuesday . The stock traded as high as C$0.36 and last traded at C$0.35, with a volume of 249160 shares traded. The stock had previously closed at C$0.35.

Wall Street Analysts Forecast Growth

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

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Monument Mining Stock Performance

The company has a quick ratio of 2.36, a current ratio of 3.06 and a debt-to-equity ratio of 0.14. The firm has a market capitalization of C$114.77 million, a PE ratio of 11.67 and a beta of 1.07. The firm has a 50-day moving average price of C$0.30 and a 200 day moving average price of C$0.24.

Monument Mining Company Profile

(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.