Monument Mining (CVE:MMY) Given a C$0.68 Price Target by Fundamental Research Analysts

Monument Mining (CVE:MMY) received a C$0.68 price objective from equities research analysts at Fundamental Research in a research note issued to investors on Tuesday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. Fundamental Research’s price target would indicate a potential upside of 67.90% from the company’s previous close.

Monument Mining Price Performance

Shares of MMY stock opened at C$0.41 on Tuesday. Monument Mining has a 52-week low of C$0.13 and a 52-week high of C$0.42. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.36 and a current ratio of 2.70. The firm has a market capitalization of C$93.53 million, a P/E ratio of 9.81 and a beta of 1.07. The stock has a 50 day moving average price of C$0.35 and a 200 day moving average price of C$0.29.

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.