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

Monument Mining Limited (CVE:MMY - Get Free Report) shares hit a new 52-week high during mid-day trading on Monday . The stock traded as high as C$0.46 and last traded at C$0.46, with a volume of 487359 shares changing hands. The stock had previously closed at C$0.45.

Analyst Upgrades and Downgrades

Separately, Fundamental Research set a C$0.68 price objective on shares of Monument Mining and gave the stock a "buy" rating in a research report on Tuesday, March 18th.

Monument Mining Trading Down 4.3 %

The stock has a market capitalization of C$102.76 million, a P/E ratio of 10.78 and a beta of 1.07. The firm's 50 day simple moving average is C$0.39 and its two-hundred day simple moving average is C$0.33. The company has a quick ratio of 2.36, a current ratio of 2.70 and a debt-to-equity ratio of 0.12.

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.