Monument Mining (CVE:MMY) Stock Price Down 1% – What’s Next?

Monument Mining Limited (CVE:MMY)’s share price was down 1% during mid-day trading on Friday . The company traded as low as C$1.01 and last traded at C$1.04. 307,845 shares changed hands during mid-day trading, a decline of 44% from the average session volume of 549,332 shares. The stock had previously closed at C$1.05.

Wall Street Analysts Forecast Growth

Separately, Fundamental Research set a C$1.82 price target on shares of Monument Mining and gave the stock a “buy” rating in a report on Friday, July 3rd. One research analyst has rated the stock with a Buy rating, According to MarketBeat, Monument Mining has a consensus rating of “Buy” and a consensus price target of C$1.82.

Monument Mining Trading Down 1.0%

The company has a market cap of C$360.07 million, a PE ratio of 4.95 and a beta of 1.33. The company’s 50 day simple moving average is C$0.85 and its two-hundred day simple moving average is C$0.91. The company has a debt-to-equity ratio of 0.04, a current ratio of 5.68 and a quick ratio of 2.36.

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.