Monument Mining (CVE:MMY) Stock Price Up 6% – What’s Next?

Monument Mining Limited (CVE:MMY) was up 6% during mid-day trading on Friday . The stock traded as high as C$0.92 and last traded at C$0.89. 684,657 shares were traded during mid-day trading, an increase of 22% from the average daily volume of 562,670 shares. The stock had previously closed at C$0.84.

Wall Street Analysts Forecast Growth

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

Monument Mining Trading Up 6.0%

The company has a fifty day simple moving average of C$0.80 and a 200-day simple moving average of C$0.94. 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$308.13 million, a price-to-earnings ratio of 4.24 and a beta of 0.93.

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.