Monument Mining (CVE:MMY) Trading Down 1.2% - Here's What Happened

Monument Mining Limited (CVE:MMY - Get Free Report)'s share price fell 1.2% during trading on Tuesday . The company traded as low as C$0.41 and last traded at C$0.41. 75,200 shares were traded during trading, a decline of 78% from the average session volume of 335,867 shares. The stock had previously closed at C$0.41.

Analyst Upgrades and Downgrades

Separately, Fundamental Research set a C$0.68 price objective on shares of Monument Mining and gave the stock a "buy" rating in a research report on Tuesday, March 18th.

Monument Mining Price Performance

The stock's fifty day moving average price is C$0.44 and its 200-day moving average price is C$0.39. 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$92.37 million, a PE ratio of 9.69 and a beta of 1.07.

Insider Activity

In other news, Director Graham Dickson sold 59,000 shares of the stock in a transaction dated Thursday, April 24th. The shares were sold at an average price of C$0.44, for a total value of C$25,883.30. 18.37% of the stock is owned by corporate insiders.

About Monument Mining

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.