Monument Mining (CVE:MMY) Reaches New 12-Month Low – Time to Sell?

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

Analyst Upgrades and Downgrades

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

Monument Mining Stock Down 5.4%

The firm’s 50-day moving average price is C$0.91 and its 200-day moving average price is C$0.94. The company has a market cap of C$242.50 million, a price-to-earnings ratio of 3.50 and a beta of 1.24. The company has a debt-to-equity ratio of 0.08, a current ratio of 16.46 and a quick ratio of 2.36.

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.