Monument Mining (CVE:MMY) Trading 44.6% Higher - What's Next?

Key Points

• Monument Mining Limited saw its stock price surge by 44.6%, trading as high as C$0.99 on Wednesday, with 3.5 million shares exchanged—an increase of 913% from average trading volumes.
• The company holds significant assets including the Selinsing gold mine in Malaysia and a portfolio of projects in Western Australia, highlighting its focused investment in gold production.
• Monument Mining has a market capitalization of C$309.07 million, a PE ratio of 13.55, and excellent liquidity ratios, indicating a strong financial position in the market.

Monument Mining Limited (CVE:MMY - )'s stock price traded up 44.6% 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 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's fifty day moving average price is C$0.58 and its 200 day moving average price is C$0.48. The firm has a market capitalization of C$309.07 million, a PE 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.

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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