Monument Mining (CVE:MMY) Shares Down 4.8% – Here’s What Happened

Monument Mining Limited (CVE:MMY) shares traded down 4.8% on Wednesday . The company traded as low as C$0.78 and last traded at C$0.79. 656,122 shares changed hands during trading, an increase of 2% from the average session volume of 641,295 shares. The stock had previously closed at C$0.83.

Analyst Upgrades and Downgrades

Separately, Fundamental Research set a C$2.10 price objective on shares of Monument Mining and gave the stock a “buy” rating in a report on Tuesday, March 17th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock has an average rating of “Buy” and an average target price of C$2.10.

Monument Mining Price Performance

The company has a fifty day moving average of C$0.87 and a 200-day moving average of C$1.04. The company has a current ratio of 5.68, a quick ratio of 2.36 and a debt-to-equity ratio of 0.04. The stock has a market cap of C$276.97 million, a PE ratio of 3.81 and a beta of 0.94.

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.