Monument Mining (CVE:MMY) Shares Up 9.2% – What’s Next?

Monument Mining Limited (CVE:MMY)’s stock price shot up 9.2% on Thursday . The company traded as high as C$0.36 and last traded at C$0.36. 743,809 shares changed hands during trading, an increase of 97% from the average session volume of 378,270 shares. The stock had previously closed at C$0.33.

Analyst Ratings Changes

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

Monument Mining Price Performance

The company has a quick ratio of 2.36, a current ratio of 2.70 and a debt-to-equity ratio of 0.12. The stock has a market cap of C$86.60 million, a P/E ratio of 9.09 and a beta of 1.07. The business’s 50-day simple moving average is C$0.35 and its two-hundred day simple moving average is C$0.28.

Monument Mining Company Profile

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.