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

Key Points

• Monument Mining shares rose 1.1% to C$0.96 on Tuesday (intraday high C$0.98) on lighter-than-average volume, with 380,598 shares traded, down ~53% versus the average session volume.
• Fundamental Research gave the stock a "Buy" rating and a C$2.10 price target, and MarketBeat's consensus rating is "Buy" with the same C$2.10 target.
• The company shows strong liquidity and low leverage (current ratio 4.57, quick ratio 2.36, debt-to-equity 0.05), has a market cap of C$332.3M and PE of 6.0, and operates gold assets in Malaysia (Selinsing) and Western Australia (Murchison).

Monument Mining Limited (CVE:MMY - Get Free Report)'s share price shot up 1.1% on Tuesday . The stock traded as high as C$0.98 and last traded at C$0.96. 380,598 shares changed hands during trading, a decline of 53% from the average session volume of 810,485 shares. The stock had previously closed at C$0.95.

Wall Street Analysts Forecast Growth

Separately, Fundamental Research set a C$2.10 price target on shares of Monument Mining and gave the stock a "buy" rating in a research note on Tuesday, March 17th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, Monument Mining has an average rating of "Buy" and a consensus price target of C$2.10.

Monument Mining Stock Performance

The company has a current ratio of 4.57, a quick ratio of 2.36 and a debt-to-equity ratio of 0.05. The business's 50 day moving average is C$1.09 and its two-hundred day moving average is C$1.05. The company has a market cap of C$332.26 million, a PE ratio of 6.00 and a beta of 1.39.

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.

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