Monument Mining (CVE:MMY) Stock Price Down 1.2% - Time to Sell?

Key Points

• Monument Mining Limited saw its stock price decrease by 1.2%, trading at C$0.40 on Wednesday, with a notable drop in trading volume of 62% from the average.
• The company's market capitalization stands at C$92.37 million, and it has a P/E ratio of 9.69, indicating its relative valuation metrics.
• Monument Mining operates as a gold producer, holding interests in multiple projects across Canada, Australia, and Malaysia, including the Selinsing gold mine in Malaysia.

Monument Mining Limited (CVE:MMY - Get Free Report) fell 1.2% on Wednesday . The stock traded as low as C$0.40 and last traded at C$0.40. 123,254 shares changed hands during trading, a decline of 62% from the average session volume of 321,957 shares. The stock had previously closed at C$0.41.

Monument Mining Stock Up 1.3%

The company has a 50-day moving average price of C$0.42 and a 200 day moving average price of C$0.41. The firm has a market capitalization of C$93.53 million, a PE ratio of 9.81 and a beta of 1.07. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.70 and a quick ratio of 2.36.

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.