Monument Mining (CVE:MMY) PT Set at C$1.82 by Fundamental Research

Monument Mining (CVE:MMY) has been assigned a C$1.82 price target by research analysts at Fundamental Research in a note issued to investors on Friday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. Fundamental Research’s target price would suggest a potential upside of 119.28% from the stock’s current price.

Monument Mining Price Performance

Shares of CVE:MMY traded up C$0.02 during trading on Friday, reaching C$0.83. 166,167 shares of the company’s stock traded hands, compared to its average volume of 628,908. Monument Mining has a fifty-two week low of C$0.40 and a fifty-two week high of C$1.55. The company has a quick ratio of 2.36, a current ratio of 5.68 and a debt-to-equity ratio of 0.04. The firm has a market cap of C$287.36 million, a PE ratio of 3.95 and a beta of 0.94. The company has a 50-day simple moving average of C$0.86 and a 200-day simple moving average of C$1.03.

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.