Fundamental Research Reiterates C$0.59 Price Target for Monument Mining (CVE:MMY)

Fundamental Research set a C$0.59 price objective on Monument Mining (CVE:MMY) in a research note issued to investors on Monday,BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

Monument Mining Trading Up 3.0 %

CVE MMY opened at C$0.35 on Monday. The firm’s 50 day moving average price is C$0.28 and its two-hundred day moving average price is C$0.21. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.36 and a current ratio of 3.06. Monument Mining has a twelve month low of C$0.13 and a twelve month high of C$0.35. The stock has a market cap of C$113.13 million, a price-to-earnings ratio of 11.50 and a beta of 1.07.

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.