Monument Mining (CVE:MMY) Stock Price Down 6.7% - Here's Why

Key Points

• Monument Mining Limited's shares dropped by 6.7% during mid-day trading on Wednesday, falling to C$0.56 from a previous close of C$0.60.
• Approximately 299,514 shares were traded, showing a 9% decline from the average daily volume.
• The company operates as a gold producer, holding 100% interest in the Selinsing gold mine and several projects in Canada, Australia, and Malaysia.

Monument Mining Limited (CVE:MMY - Get Free Report) dropped 6.7% during mid-day trading on Wednesday . The stock traded as low as C$0.56 and last traded at C$0.56. Approximately 299,514 shares changed hands during trading, a decline of 9% from the average daily volume of 327,716 shares. The stock had previously closed at C$0.60.

Monument Mining Price 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 firm has a market cap of C$200.57 million, a P/E ratio of 8.79 and a beta of 1.75. The firm has a 50-day simple moving average of C$0.47 and a 200-day simple moving average of C$0.44.

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.