Monument Mining (CVE:MMY) Stock Price Down 1.1% - Here's Why

Monument Mining Limited (CVE:MMY - Get Free Report) shares dropped 1.1% on Monday . The stock traded as low as C$0.46 and last traded at C$0.47. Approximately 142,985 shares traded hands during mid-day trading, a decline of 60% from the average daily volume of 353,377 shares. The stock had previously closed at C$0.48.

Analyst Ratings Changes

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

Monument Mining Stock Performance

The company has a current ratio of 2.70, a quick ratio of 2.36 and a debt-to-equity ratio of 0.12. The business's 50-day moving average is C$0.44 and its two-hundred day moving average is C$0.37. The firm has a market cap of C$106.23 million, a P/E ratio of 11.15 and a beta of 1.07.

Insider Activity at Monument Mining

In other Monument Mining news, Director Graham Dickson sold 59,000 shares of the business's stock in a transaction dated Thursday, April 24th. The shares were sold at an average price of C$0.44, for a total transaction of C$25,883.30. Insiders own 18.37% of the company's stock.

Monument Mining Company Profile

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.