Monument Mining (CVE:MMY) Stock Price Up 1.8% – Should You Buy?

Monument Mining Limited (CVE:MMY) rose 1.8% during mid-day trading on Friday . The company traded as high as C$0.29 and last traded at C$0.29. Approximately 125,500 shares traded hands during mid-day trading, a decline of 32% from the average daily volume of 184,683 shares. The stock had previously closed at C$0.29.

Analyst Ratings Changes

Separately, Fundamental Research set a C$0.56 price target on Monument Mining and gave the stock a “buy” rating in a research report on Wednesday, October 30th.

Monument Mining Price Performance

The firm has a market capitalization of C$95.10 million, a P/E ratio of 9.67 and a beta of 1.07. The company has a quick ratio of 2.36, a current ratio of 3.06 and a debt-to-equity ratio of 0.14. The business’s 50 day moving average is C$0.24 and its 200-day moving average is C$0.18.

Monument Mining (CVE:MMY) last issued its quarterly earnings results on Monday, September 30th. The company reported C$0.03 earnings per share (EPS) for the quarter. Monument Mining had a return on equity of 5.48% and a net margin of 12.53%. The company had revenue of C$25.45 million for the quarter. As a group, sell-side analysts predict that Monument Mining Limited will post 0.01 EPS for the current fiscal year.

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.