Monument Mining (CVE:MMY) Shares Up 3.6%

Monument Mining Limited (CVE:MMY) shares shot up 3.6% during trading on Tuesday . The stock traded as high as C$0.15 and last traded at C$0.15. 101,214 shares traded hands during trading, a decline of 36% from the average session volume of 157,919 shares. The stock had previously closed at C$0.14.

Analysts Set New Price Targets

Separately, Fundamental Research set a C$0.51 price target on shares of Monument Mining and gave the stock a “buy” rating in a research note on Tuesday, July 9th.

Monument Mining Stock Up 3.6 %

The business’s 50 day moving average is C$0.15 and its 200-day moving average is C$0.15. The company has a debt-to-equity ratio of 0.22, a quick ratio of 2.36 and a current ratio of 2.22. The firm has a market capitalization of C$47.55 million, a price-to-earnings ratio of -7.25 and a beta of 1.10.

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.