Monument Mining (CVE:MMY) Shares Up 1.1% - Should You Buy?

Key Points

• Monument Mining Limited's shares increased by 1.1% during mid-day trading, reaching a last traded price of C$0.46.
• The company operates as a gold producer and holds a 100% interest in multiple gold mining projects in Malaysia and Australia.
• Monument's financial metrics show a healthy debt-to-equity ratio of 0.12, and it has a market capitalization of C$105.07 million.

Shares of Monument Mining Limited (CVE:MMY - ) rose 1.1% during mid-day trading on Wednesday . The stock traded as high as C$0.47 and last traded at C$0.46. Approximately 411,060 shares changed hands during mid-day trading, an increase of 28% from the average daily volume of 320,334 shares. The stock had previously closed at C$0.45.

Monument Mining Stock Performance

The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.36 and a current ratio of 2.70. The firm's 50 day moving average is C$0.42 and its 200-day moving average is C$0.42. The firm has a market cap of C$105.07 million, a price-to-earnings ratio of 11.02 and a beta of 1.07.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.