Monument Mining (CVE:MMY) Trading 44.6% Higher - Should You Buy?

Key Points

• Monument Mining Limited's shares rose 44.6% on Wednesday, reaching a high of C$0.99, significantly increasing trading volume by 913% compared to its average session.
• The company's market capitalization is C$309.07 million with a price-to-earnings ratio of 13.55 and a relatively low debt-to-equity ratio of 0.12.
• Monument Mining operates as a gold producer with projects in Canada, Australia, and Malaysia, holding full interest in the Selinsing gold mine and Murchison gold project portfolio.

Monument Mining Limited (CVE:MMY - ) shares shot up 44.6% during trading on Wednesday . The company 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 Stock Performance

The stock's 50-day simple moving average is C$0.57 and its 200-day simple moving average is C$0.48. The stock has a market cap of C$309.07 million, a price-to-earnings ratio of 13.55 and a beta of 1.58. The company has a current ratio of 2.70, a quick ratio of 2.36 and a debt-to-equity ratio of 0.12.

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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