Monument Mining (CVE:MMY) Trading 1.1% Higher - Still a 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.

Monument Mining Limited (CVE:MMY - Get Free Report)'s stock price was up 1.1% on Wednesday . The company traded as high as C$0.47 and last traded at C$0.46. Approximately 411,060 shares were traded during 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 Price Performance

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 stock has a market cap of C$112.00 million, a P/E ratio of 11.75 and a beta of 1.07. The business's 50-day simple moving average is C$0.42 and its two-hundred day simple moving average is C$0.42.

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.