Monument Mining (CVE:MMY) Given a C$0.68 Price Target at Fundamental Research

Monument Mining (CVE:MMY) has been assigned a C$0.68 target price by equities research analysts at Fundamental Research in a research note issued to investors on Tuesday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. Fundamental Research’s price objective points to a potential upside of 74.36% from the stock’s previous close.

Monument Mining Trading Up 4.0 %

CVE:MMY traded up C$0.02 on Tuesday, reaching C$0.39. The company’s stock had a trading volume of 202,644 shares, compared to its average volume of 382,963. Monument Mining has a 1-year low of C$0.13 and a 1-year high of C$0.40. The business’s 50-day moving average price is C$0.35 and its two-hundred day moving average price is C$0.28. The firm has a market cap of C$90.06 million, a PE ratio of 9.45 and a beta of 1.07. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.36 and a current ratio of 2.70.

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.