Fundamental Research Reiterates “C$1.94” Price Target for Monument Mining (CVE:MMY)

Monument Mining (CVE:MMY) received a C$1.94 price objective from research analysts at Fundamental Research in a report released on Friday, BayStreet reports. The brokerage presently has a “buy” rating on the stock. Fundamental Research’s price objective would indicate a potential upside of 162.16% from the company’s current price.

Monument Mining Stock Down 3.9%

Monument Mining stock traded down C$0.03 during trading on Friday, hitting C$0.74. 178,056 shares of the company were exchanged, compared to its average volume of 524,409. Monument Mining has a 52 week low of C$0.71 and a 52 week high of C$1.55. The company has a current ratio of 16.46, a quick ratio of 2.36 and a debt-to-equity ratio of 0.08. The company has a market capitalization of C$256.36 million, a P/E ratio of 3.70 and a beta of 1.24. The business’s 50 day moving average is C$0.94 and its 200 day moving average is C$0.88.

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.