Blue Moon Metals (NASDAQ:BMM) Stock Price Up 5% – Here’s Why

Shares of Blue Moon Metals Inc. (NASDAQ:BMMGet Free Report) rose 5% during mid-day trading on Friday . The company traded as high as $6.71 and last traded at $6.66. Approximately 87,323 shares were traded during mid-day trading, a decline of 20% from the average daily volume of 109,169 shares. The stock had previously closed at $6.34.

Analyst Ratings Changes

A number of research firms have weighed in on BMM. Maxim Group started coverage on Blue Moon Metals in a report on Friday, June 12th. They set a “buy” rating and a $15.00 target price on the stock. Wall Street Zen upgraded Blue Moon Metals from a “strong sell” rating to a “sell” rating in a report on Saturday, May 23rd. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Blue Moon Metals in a research report on Tuesday, June 16th. One equities research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $15.00.

Check Out Our Latest Report on BMM

Blue Moon Metals Trading Up 5.0%

The company’s 50 day moving average is $6.79.

Further Reading

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