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Monument Mining (CVE:MMY) Trading Down 10% - Time to Sell?

Monument Mining logo with Basic Materials background

Key Points

  • Monument Mining Limited experienced a significant stock drop of 10%, trading as low as C$0.54 during Wednesday's mid-day trading.
  • The company has a strong financial position with a debt-to-equity ratio of 0.12 and a current ratio of 2.70.
  • Monument Mining operates as a gold producer with 100% interest in the Selinsing gold mine and various projects in Canada, Australia, and Malaysia.
  • Five stocks to consider instead of Monument Mining.

Monument Mining Limited (CVE:MMY - Get Free Report)'s stock price dropped 10% during mid-day trading on Wednesday . The stock traded as low as C$0.54 and last traded at C$0.54. Approximately 406,116 shares were traded during trading, an increase of 24% from the average daily volume of 327,716 shares. The stock had previously closed at C$0.60.

Monument Mining Price Performance

The company has a debt-to-equity ratio of 0.12, a current ratio of 2.70 and a quick ratio of 2.36. The firm has a 50-day moving average of C$0.45 and a 200-day moving average of C$0.43. The stock has a market cap of C$187.41 million, a PE ratio of 8.22 and a beta of 1.75.

Monument Mining Company Profile

(Get Free Report)

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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