Monument Mining (CVE:MMY) Shares Down 1.8% – Time to Sell?

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

Analyst Ratings Changes

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 report on Wednesday, October 30th.

Monument Mining Stock Down 3.5 %

The firm has a market capitalization of C$90.18 million, a PE ratio of 9.17 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 has a 50-day moving average price of C$0.27 and a 200-day moving average price of C$0.20.

Monument Mining (CVE:MMY) last issued its 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 during the quarter. Equities research analysts forecast that Monument Mining Limited will post 0.01 earnings per share 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.