Monument Mining (CVE:MMY) Trading Down 1.8% – What’s Next?

Monument Mining Limited (CVE:MMY)’s share price fell 1.8% on Monday . The stock traded as low as C$0.28 and last traded at C$0.28. 283,744 shares changed hands during trading, an increase of 50% from the average session volume of 189,395 shares. The stock had previously closed at C$0.29.

Analyst Upgrades and Downgrades

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

Monument Mining Stock Down 1.8 %

The stock’s 50 day moving average is C$0.27 and its 200 day moving average is C$0.20. The firm has a market cap of C$91.82 million, a price-to-earnings ratio of 9.33 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.

Monument Mining (CVE:MMY) last posted its quarterly earnings results on Monday, September 30th. The company reported C$0.03 EPS for the quarter. Monument Mining had a net margin of 12.53% and a return on equity of 5.48%. The business had revenue of C$25.45 million during the quarter. Analysts forecast that Monument Mining Limited will post 0.01 EPS for the current 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.