Monument Mining (CVE:MMY) Stock Jumps 16.2% – What’s Next?

Shares of Monument Mining Limited (CVE:MMY) traded up 16.2% on Monday. The stock traded as high as C$0.83 and last traded at C$0.82. Approximately 610,191 shares changed hands during trading, an increase of 20% from the average daily volume of 509,018 shares. The stock had previously closed at C$0.71.

Analyst Ratings Changes

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

Monument Mining Stock Up 1.9%

The company has a debt-to-equity ratio of 0.08, a quick ratio of 2.36 and a current ratio of 16.46. The firm has a market capitalization of C$271.95 million, a P/E ratio of 3.92 and a beta of 0.95. The stock has a fifty day moving average price of C$0.86 and a two-hundred day moving average price of C$0.92.

Monument Mining Company Profile

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.