Monument Mining (CVE:MMY) Shares Down 1.4% – Here’s Why

Monument Mining Limited (CVE:MMY)’s stock price traded down 1.4% on Friday . The stock traded as low as C$0.73 and last traded at C$0.73. 31,843 shares were traded during trading, a decline of 95% from the average daily volume of 586,125 shares. The stock had previously closed at C$0.74.

Wall Street Analyst Weigh In

Separately, Fundamental Research set a C$1.82 target price on Monument Mining and gave the company a “buy” rating in a research note on Friday, July 3rd. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of C$1.82.

Monument Mining Trading Down 1.4%

The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.36 and a current ratio of 5.68. The stock has a market cap of C$252.74 million, a price-to-earnings ratio of 3.48 and a beta of 0.96. The company’s 50 day simple moving average is C$0.82 and its two-hundred day simple moving average is C$0.98.

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.