Monument Mining (CVE:MMY) Trading Down 10% - What's Next?

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.

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

Monument Mining Stock Up 1.7%

The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.36 and a current ratio of 2.70. The firm has a market cap of C$200.57 million, a PE ratio of 8.79 and a beta of 1.75. The stock has a fifty day moving average price of C$0.47 and a 200-day moving average price of C$0.44.

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.