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

Monument Mining Limited (CVE:MMY) rose 9.2% during trading on Thursday . The stock traded as high as C$0.36 and last traded at C$0.36. Approximately 743,809 shares changed hands during mid-day trading, an increase of 97% from the average daily volume of 378,270 shares. The stock had previously closed at C$0.33.

Analyst Upgrades and Downgrades

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 note on Monday, January 6th.

Monument Mining Trading Up 5.6 %

The company has a market capitalization of C$86.60 million, a PE ratio of 9.09 and a beta of 1.07. The firm’s 50 day moving average is C$0.35 and its 200 day moving average is C$0.28. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.70 and a quick ratio of 2.36.

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.