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

Shares of Blue Moon Metals Inc. (CVE:MOON) passed 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.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on MOON shares. ATB Cormark Capital Markets increased their price target 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. Haywood Capital set a C$15.00 price target on Blue Moon Metals and gave the stock a “buy” rating in a research note on Friday, April 10th. Three research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Blue Moon Metals currently has a consensus rating of “Buy” and an average price target of C$12.00.

Blue Moon Metals Price Performance

The firm’s fifty day simple moving average is C$10.07 and its 200 day simple moving average is C$7.37. The firm has a market cap of C$1.09 billion, a P/E ratio of -0.98 and a beta of 0.31. The company has a debt-to-equity ratio of 6.52, a quick ratio of 0.50 and a current ratio of 2.24.

Blue Moon Metals Company Profile

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.