Monument Mining (CVE:MMY) Hits New 52-Week High - Should You Buy?

Key Points

• Monument Mining Limited shares hit a new 52-week high of C$0.68 during trading, reflecting a notable increase from a previous close of C$0.60.
• The company has a market capitalization of C$226.87 million and demonstrates strong financial health with a debt-to-equity ratio of 0.12 and a PE ratio of 9.95.
• Monument Mining operates multiple gold projects in Malaysia and Australia, holding a 100% interest in its Selinsing gold mine and Murchison gold project portfolio.

Shares of Monument Mining Limited (CVE:MMY - ) reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as C$0.68 and last traded at C$0.67, with a volume of 295674 shares traded. The stock had previously closed at C$0.60.

Monument Mining Stock Performance

The firm's 50 day moving average price is C$0.54 and its 200-day moving average price is C$0.47. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.36 and a current ratio of 2.70. The firm has a market capitalization of C$226.87 million, a PE ratio of 9.95 and a beta of 1.58.

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.

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