Monument Mining (CVE:MMY) Given a C$0.59 Price Target at Fundamental Research

Monument Mining (CVE:MMY) has been assigned a C$0.59 price target by stock analysts at Fundamental Research in a report issued on Monday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Fundamental Research’s target price would indicate a potential upside of 84.38% from the stock’s previous close.

Monument Mining Stock Up 4.9 %

MMY stock traded up C$0.02 during trading hours on Monday, reaching C$0.32. 525,375 shares of the stock were exchanged, compared to its average volume of 386,776. The firm’s 50-day moving average is C$0.28 and its 200-day moving average is C$0.21. The company has a debt-to-equity ratio of 0.14, a current ratio of 3.06 and a quick ratio of 2.36. Monument Mining has a 12 month low of C$0.13 and a 12 month high of C$0.33. The company has a market cap of C$104.93 million, a price-to-earnings ratio of 10.67 and a beta of 1.07.

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.