Monument Mining (CVE:MMY) Trading 1% Higher – Still a Buy?

Monument Mining Limited (CVE:MMY) traded up 1% during trading on Tuesday . The company traded as high as C$1.08 and last traded at C$1.06. 410,075 shares changed hands during mid-day trading, a decline of 48% from the average session volume of 789,750 shares. The stock had previously closed at C$1.05.

Analyst Upgrades and Downgrades

Separately, Fundamental Research set a C$1.92 price target on shares of Monument Mining and gave the stock a “buy” rating in a research report on Wednesday, January 14th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of C$1.92.

Monument Mining Price Performance

The stock has a 50-day simple moving average of C$1.22 and a 200 day simple moving average of C$1.00. The company has a market cap of C$366.03 million, a PE ratio of 8.15 and a beta of 1.07. The company has a quick ratio of 2.36, a current ratio of 4.57 and a debt-to-equity ratio of 0.05.

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.