Monument Mining (CVE:MMY) Shares Down 1.8% – Should You 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 trading, an increase of 50% from the average daily volume of 189,395 shares. The stock had previously closed at C$0.29.

Wall Street Analysts Forecast Growth

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

Monument Mining Stock Performance

The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.36 and a current ratio of 3.06. The firm has a market capitalization of C$90.18 million, a PE ratio of 9.17 and a beta of 1.07. The firm’s 50 day moving average price is C$0.27 and its 200-day moving average price is C$0.20.

Monument Mining (CVE:MMY) last issued its quarterly earnings data on Monday, September 30th. The company reported C$0.03 EPS for the quarter. The company had revenue of C$25.45 million for the quarter. Monument Mining had a return on equity of 5.48% and a net margin of 12.53%. On average, research analysts expect 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.