Monument Mining (CVE:MMY) Trading Down 5.7% – Time to Sell?

Monument Mining Limited (CVE:MMY)’s stock price fell 5.7% on Tuesday . The stock traded as low as C$0.82 and last traded at C$0.82. 300,288 shares changed hands during trading, a decline of 57% from the average session volume of 694,901 shares. The stock had previously closed at C$0.87.

Analysts Set New Price Targets

Separately, Fundamental Research set a C$2.10 target price on Monument Mining and gave the company a “buy” rating in a research note on Tuesday, March 17th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of C$2.10.

Monument Mining Trading Down 5.7%

The firm has a market cap of C$283.80 million, a P/E ratio of 5.13 and a beta of 1.37. The company has a 50 day moving average of C$0.92 and a 200 day moving average of C$1.07. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.36 and a current ratio of 4.57.

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.