Monument Mining (CVE:MMY) Trading Up 2.4% – Here’s What Happened

Monument Mining Limited (CVE:MMY) shot up 2.4% during trading on Monday . The stock traded as high as C$1.29 and last traded at C$1.26. 1,878,554 shares traded hands during trading, an increase of 207% from the average session volume of 611,913 shares. The stock had previously closed at C$1.23.

Wall Street Analyst Weigh In

Separately, Fundamental Research set a C$1.50 price target on Monument Mining and gave the company a “buy” rating in a research note on Tuesday, November 11th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, Monument Mining has an average rating of “Buy” and a consensus target price of C$1.50.

Monument Mining Stock Up 2.4%

The company has a market cap of C$435.10 million, a price-to-earnings ratio of 9.69 and a beta of 2.00. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.70 and a quick ratio of 2.36. The firm has a 50-day moving average price of C$1.11 and a 200 day moving average price of C$0.77.

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.