Monument Mining (CVE:MMY) Reaches New 52-Week Low – Time to Sell?

Monument Mining Limited (CVE:MMY) shares reached a new 52-week low during mid-day trading on Friday. The stock traded as low as C$0.70 and last traded at C$0.70, with a volume of 361,455 shares trading hands. The stock had previously closed at C$0.74.

Analyst Ratings Changes

Separately, Fundamental Research set a C$1.94 price objective on shares of Monument Mining and gave the company a “buy” rating in a research note on Friday, October 16th. One investment analyst has rated the stock with a Buy rating. Based on data from MarketBeat, Monument Mining currently has a consensus rating of “Buy” and an average price target of C$1.94.

Monument Mining Stock Down 4.7%

The company has a quick ratio of 2.36, a current ratio of 16.46 and a debt-to-equity ratio of 0.08. The firm has a market capitalization of C$244.23 million, a price-to-earnings ratio of 3.52 and a beta of 1.24. The stock has a 50 day moving average of C$0.90 and a 200 day moving average of C$0.94.

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.