Monument Mining (CVE:MMY) Stock Price Up 44.6% - Should You Buy?

Key Points

• Monument Mining's stock price surged by 44.6% during mid-day trading, reaching a high of C$0.99 and closing at C$0.94, significantly up from its previous close of C$0.65.
• The company's trading volume increased by 913%, with approximately 3.5 million shares changing hands, compared to an average daily volume of 343,462 shares.
• Monument Mining operates as a gold producer with projects in Canada, Australia, and Malaysia, holding 100% interest in the Selinsing gold mine and various other gold projects.

Monument Mining Limited (CVE:MMY - ) rose 44.6% during mid-day trading on Thursday . The stock traded as high as C$0.99 and last traded at C$0.94. Approximately 3,478,598 shares traded hands during mid-day trading, an increase of 913% from the average daily volume of 343,462 shares. The stock had previously closed at C$0.65.

Monument Mining Trading Up 44.6%

The stock has a market cap of C$309.07 million, a P/E ratio of 13.55 and a beta of 1.58. The firm's 50 day moving average price is C$0.58 and its 200-day moving average price is C$0.48. 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.

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