Blue Moon Metals (CVE:MOON) Share Price Crosses Above Fifty Day Moving Average – Here’s Why

Blue Moon Metals Inc. (CVE:MOON) shares crossed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of C$10.07 and traded as high as C$10.45. Blue Moon Metals shares last traded at C$10.44, with a volume of 50,493 shares trading hands.

Wall Street Analyst Weigh In

MOON has been the subject of a number of research reports. Haywood Capital set a C$15.00 target price on shares of Blue Moon Metals and gave the company a “buy” rating in a research note on Friday, April 10th. ATB Cormark Capital Markets upped their price objective on Blue Moon Metals from C$10.00 to C$13.50 and gave the stock a “speculative buy” rating in a research note on Monday, April 20th. Three investment analysts have rated the stock with a Buy rating, According to MarketBeat, the company has an average rating of “Buy” and a consensus target price of C$12.00.

Blue Moon Metals Price Performance

The company has a current ratio of 2.24, a quick ratio of 0.50 and a debt-to-equity ratio of 6.52. The stock has a market capitalization of C$1.09 billion, a PE ratio of -0.98 and a beta of 0.31. The firm has a 50 day moving average price of C$10.07 and a 200 day moving average price of C$7.37.

About Blue Moon Metals

Blue Moon Metals Inc, an exploration stage company, engages in the exploration and development of mineral resource properties in Canada and the United States. The company primarily explores for zinc, copper, silver, and gold deposits. It primarily holds 100% interests in the Blue Moon zinc property that comprises patented and unpatented lode mineral claims totaling 445 acres in Mariposa County, California; and Yava base metals property, which includes two mineral leases totaling 1,280 hectares located in Nunavut.