Monument Mining (CVE:MMY) Sets New 12-Month High – What’s Next?

Monument Mining Limited (CVE:MMY)’s stock price reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as C$0.26 and last traded at C$0.25, with a volume of 168000 shares trading hands. The stock had previously closed at C$0.25.

Analyst Ratings Changes

Separately, Fundamental Research set a C$0.51 price objective on shares of Monument Mining and gave the stock a “buy” rating in a research report on Tuesday, July 9th.

Monument Mining Price Performance

The company has a current ratio of 3.06, a quick ratio of 2.36 and a debt-to-equity ratio of 0.14. The stock has a fifty day simple moving average of C$0.19 and a two-hundred day simple moving average of C$0.17. The company has a market cap of C$96.74 million, a PE ratio of 9.67 and a beta of 1.07.

Monument Mining (CVE:MMY) last announced its quarterly earnings results on Monday, September 30th. The company reported C$0.03 EPS for the quarter. Monument Mining had a return on equity of 5.48% and a net margin of 12.53%. The business had revenue of C$25.45 million for the quarter. On average, equities analysts predict that Monument Mining Limited will post 0.01 EPS for the current fiscal year.

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.