Monument Mining (CVE:MMY) Trading Up 47.7% - What's Next?

Key Points

• Monument Mining's shares surged by 47.7% to C$0.96, with trading volume increasing by 867% compared to the average daily volume.
• The company has a market capitalization of C$309.07 million and a low debt-to-equity ratio of 0.12.
• Monument Mining operates as a gold producer, holding interests in multiple projects located in Malaysia and Australia.

Shares of Monument Mining Limited (CVE:MMY - ) were up 47.7% on Wednesday . The stock traded as high as C$0.99 and last traded at C$0.96. Approximately 3,298,748 shares traded hands during mid-day trading, an increase of 867% from the average daily volume of 341,092 shares. The stock had previously closed at C$0.65.

Monument Mining Stock Up 44.6%

The company has a current ratio of 2.70, a quick ratio of 2.36 and a debt-to-equity ratio of 0.12. The firm has a market capitalization of C$309.07 million, a P/E ratio of 13.55 and a beta of 1.58. The company has a 50 day simple moving average of C$0.57 and a two-hundred day simple moving average of C$0.48.

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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