Monument Mining (CVE:MMY) Trading 44.6% Higher - Time to Buy?

Key Points

• Monument Mining Limited saw a significant increase of 44.6% in its stock price, trading as high as C$0.99, compared to a previous close of C$0.65.
• Trading volume surged to 3,478,598 shares, representing a 913% increase from the average session volume.
• The company, a gold producer with a market capitalization of C$309.07 million, operates projects in Malaysia and Australia, holding 100% interest in several gold mines.

Monument Mining Limited (CVE:MMY - ) traded 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 traded hands during 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 company has a quick ratio of 2.36, a current ratio of 2.70 and a debt-to-equity ratio of 0.12. The business's 50-day simple moving average is C$0.58 and its 200 day simple moving average is C$0.48. The firm has a market capitalization of C$309.07 million, a P/E ratio of 13.55 and a beta of 1.58.

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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