Monument Mining (CVE:MMY) Reaches New 12-Month High - Here's Why

Key Points

• Monument Mining Limited shares reached a new 52-week high of C$0.67, closing at C$0.66 with a trading volume of 347,586 shares.
• The company's market capitalization is C$210.43 million, with a P/E ratio of 9.22 and a debt-to-equity ratio of 0.12.
• Monument Mining operates primarily as a gold producer, holding interests in various gold projects in Canada, Australia, and Malaysia.

Monument Mining Limited (CVE:MMY - Get Free Report) shares hit a new 52-week high on Wednesday . The company traded as high as C$0.67 and last traded at C$0.66, with a volume of 347586 shares. The stock had previously closed at C$0.64.

Monument Mining Trading Up 6.3%

The company has a fifty day simple moving average of C$0.49 and a 200-day simple moving average of C$0.45. The stock has a market cap of C$220.29 million, a price-to-earnings ratio of 9.66 and a beta of 1.75. The company has a current ratio of 2.70, a quick ratio of 2.36 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.