Monument Mining (CVE:MMY) Reaches New 52-Week High - Here's Why

Key Points

• Monument Mining Limited reached a new 52-week high, trading at C$0.65, with a notable trading volume of 551,286 shares.
• The company has a market capitalization of C$200.57 million and a PE ratio of 8.79, indicating strong growth expectations relative to its earnings.
• Monument Mining is primarily engaged in gold production and operates significant mining projects in Malaysia and Australia, including the Selinsing gold mine and the Murchison gold project portfolio.

Shares of Monument Mining Limited (CVE:MMY - ) hit a new 52-week high during trading on Wednesday . The stock traded as high as C$0.65 and last traded at C$0.63, with a volume of 551286 shares trading hands. The stock had previously closed at C$0.60.

Monument Mining Stock Performance

The company has a market cap of C$200.57 million, a PE ratio of 8.79 and a beta of 1.66. The business's fifty day moving average is C$0.43 and its 200-day moving average is C$0.42. 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.

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