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

Key Points

• Monument Mining's stock price surged 44.6% on Thursday, reaching a high of C$0.99 and last trading at C$0.94, compared to its previous close of C$0.65.
• The company experienced a significant increase in trading volume, with 3,478,598 shares changing hands, which is a 913% increase from the average session volume.
• Monument Mining operates as a gold producer, holding 100% interests in the Selinsing gold mine in Malaysia and various projects in Australia, with a current market cap of C$309.07 million.

Monument Mining Limited (CVE:MMY - )'s stock price shot up 44.6% on Thursday . The stock traded as high as C$0.99 and last traded at C$0.94. 3,478,598 shares changed hands 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 Up 44.6%

The firm's 50 day moving average price is C$0.58 and its two-hundred day moving average price is C$0.48. The company has a market cap of C$309.07 million, a P/E ratio of 13.55 and a beta of 1.58. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.36 and a current ratio of 2.70.

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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