Monument Mining (CVE:MMY) Trading Down 4.8% – Here’s Why

Shares of Monument Mining Limited (CVE:MMY – Get Free Report) traded down 4.8% during trading on Wednesday . The company traded as low as C$0.78 and last traded at C$0.79. 656,122 shares changed hands during trading, an increase of 2% from the average daily volume of 641,295 shares. The stock had previously closed at C$0.83.

Analyst Upgrades and Downgrades

Separately, Fundamental Research set a C$2.10 price target on shares of Monument Mining and gave the stock a “buy” rating in a research note on Tuesday, March 17th. One analyst has rated the stock with a Buy rating, According to MarketBeat, Monument Mining currently has a consensus rating of “Buy” and a consensus price target of C$2.10.

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Monument Mining Stock Down 4.8%

The company has a quick ratio of 2.36, a current ratio of 5.68 and a debt-to-equity ratio of 0.04. The company has a fifty day simple moving average of C$0.87 and a 200-day simple moving average of C$1.04. The firm has a market cap of C$273.51 million, a P/E ratio of 3.76 and a beta of 0.94.

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.

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