Monument Mining (CVE:MMY) Stock Price Down 1.2% - What's Next?

Monument Mining Limited (CVE:MMY - Get Free Report)'s stock price traded down 1.2% during trading on Tuesday . The stock traded as low as C$0.41 and last traded at C$0.41. 75,200 shares traded hands during mid-day 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 target on Monument Mining and gave the company a "buy" rating in a report on Tuesday, March 18th.

Monument Mining Stock Performance

The firm has a 50 day simple moving average of C$0.44 and a 200-day simple moving average of C$0.40. 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 company has a market cap of C$94.68 million, a price-to-earnings ratio of 9.93 and a beta of 1.07.

Insider Activity at Monument Mining

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

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.