Monument Mining (CVE:MMY) Shares Up 44.6% - Still a Buy?

Key Points

• Monument Mining Limited's stock price surged by 44.6%, reaching C$0.94 during mid-day trading, significantly increasing trading volume to 3.48 million shares, a 913% rise from the average.
• The company has a market capitalization of C$309.07 million, with a price-to-earnings ratio of 13.55 and a beta of 1.58, reflecting its volatility compared to the market.
• Monument Mining operates as a gold producer and holds a 100% interest in key projects in Malaysia and Australia, including the Selinsing gold mine and the Murchison gold project portfolio.

Monument Mining Limited (CVE:MMY - )'s stock price shot up 44.6% during mid-day trading on Wednesday . The stock traded as high as C$0.99 and last traded at C$0.94. 3,478,598 shares were traded during mid-day trading, an increase of 913% from the average session volume of 343,462 shares. The stock had previously closed at C$0.65.

Monument Mining Price Performance

The firm has a market capitalization of C$309.07 million, a price-to-earnings ratio of 13.55 and a beta of 1.58. The company's 50 day moving average is C$0.58 and its 200-day moving average is C$0.48. The company has a current ratio of 2.70, a quick ratio of 2.36 and a debt-to-equity ratio of 0.12.

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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