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

Monument Mining Limited (CVE:MMY - Get Free Report)'s share price dropped 2.3% during mid-day trading 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 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 report on Tuesday, March 18th.

Monument Mining Stock Performance

The stock has a market cap of C$98.15 million, a P/E ratio of 10.30 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 50-day moving average price is C$0.45 and its 200-day moving average price is C$0.38.

Insider Activity

In other news, Director Graham Dickson sold 59,000 shares of Monument Mining stock in a transaction that occurred on Thursday, April 24th. The shares were sold at an average price of C$0.44, for a total transaction of C$25,883.30. Company 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.

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