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

Monument Mining Limited (CVE:MMY - Get Free Report)'s share price hit a new 52-week high on Monday . The company traded as high as C$0.44 and last traded at C$0.46, with a volume of 314319 shares. The stock had previously closed at C$0.43.

Wall Street Analysts Forecast Growth

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

Monument Mining Stock Down 8.3 %

The stock has a market capitalization of C$88.91 million, a price-to-earnings ratio of 9.33 and a beta of 1.07. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.70 and a quick ratio of 2.36. The firm's fifty day moving average is C$0.37 and its 200-day moving average is C$0.31.

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.