Blue Moon Metals (CVE:MOON) Reaches New 52-Week High – Still a Buy?

Blue Moon Metals Inc. (CVE:MOON) reached a new 52-week high during mid-day trading on Monday . The company traded as high as C$7.94 and last traded at C$7.71, with a volume of 213473 shares changing hands. The stock had previously closed at C$6.90.

Wall Street Analyst Weigh In

Separately, Scotiabank lifted their price target on shares of Blue Moon Metals from C$6.00 to C$7.50 in a research report on Thursday, January 8th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of C$7.50.

Blue Moon Metals Trading Down 6.3%

The firm’s fifty day simple moving average is C$5.61 and its 200 day simple moving average is C$4.36. The stock has a market capitalization of C$642.70 million, a P/E ratio of -17.28 and a beta of 2.00. The company has a debt-to-equity ratio of 10.12, a quick ratio of 0.50 and a current ratio of 3.53.

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.