Monument Mining (CVE:MMY) Trading Down 2.3% - Here's What Happened

Monument Mining Limited (CVE:MMY - Get Free Report)'s stock price was down 2.3% on Monday . The stock traded as low as C$0.42 and last traded at C$0.43. Approximately 275,108 shares were traded during mid-day trading, a decline of 21% from the average daily volume of 349,351 shares. The stock had previously closed at C$0.44.

Analysts Set New Price Targets

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 4.7%

The company has a quick ratio of 2.36, a current ratio of 2.70 and a debt-to-equity ratio of 0.12. The firm has a market capitalization of C$94.68 million, a PE ratio of 9.93 and a beta of 1.07. The business has a 50-day moving average price of C$0.46 and a 200-day moving average price of C$0.38.

Insiders Place Their Bets

In related news, Director Graham Dickson sold 59,000 shares of the firm'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. 18.37% of the stock is currently owned by corporate insiders.

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.