Home / Market Movers / Monument Mining Limited (CDX:MMY:CA) Leads TSX Venture Basic Materials Laggards with Drop of 4.17% on January 13

Monument Mining Limited (CDX:MMY:CA) Leads TSX Venture Basic Materials Laggards with Drop of 4.17% on January 13

In sliding 4.17%, Monument Mining Limited (CDX:MMY:CA) was one of the worst performing stocks amongst TSX Venture Exchange-listed basic materials companies on January 13. After closing the previous session at $0.12, shares of MMY:CA opened this morning at $0.115 and closed the day at $0.115. Throughout the day, about 35,000 shares changed hands, compared to an average 30-day volume of 504,847 for Monument Mining Limited. Shares moved as high as $0.115 and as low as $0.115 in today’s trading action.

The share depreciation gives the company a market capitalization of $38.73 million based upon 322.72 million shares outstanding.

In the past 52 weeks, shares of Monument Mining Limited have traded as low as $0.07 and as high as $0.19. Technical traders will take note that at $0.115, shares of MMY:CA are trading above their 50-day moving average (MA) at $0.097 and below their 200-day MA at below $0.122. Technical analysts pay close attention to these key moving averages because they often serve as technical support and resistance levels and because a move beneath or holding under them is typically regarded as bearish.

Who is $Monument Mng?

Monument Mining Ltd is a gold producer. It is engaged in operation of gold mines & acquisition, exploration and development of precious metals and other base metals mineral properties. Its properties include Selinsing, Buffalo Reef, Famehub, and Mengapur. The company is led by its CEO Robert Baldock from its headquarters at 1100 Melville Street.


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About the TSX Venture Exchange

Owned and operated by the TMX Group, the TSX Venture Exchange is a public venture capital marketplace for emerging companies. It is headquartered in Calgary, Alberta, Canada with offices in Toronto, Vancouver and Montreal. All trading on the exchange is done electronically. Originally established in 1999, the “Venture,” as it is often shortened, was previously known as the Canadian Venture Exchange, but renamed in 2001 subsequent to the TSX Group (now known as the TMX Group) purchasing it.

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