Blue Moon Metals (CVE:MOON) Shares Cross Below 200 Day Moving Average – Here’s What Happened

Blue Moon Metals Inc. (CVE:MOON)’s stock price passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$8.36 and traded as low as C$6.55. Blue Moon Metals shares last traded at C$6.71, with a volume of 345,577 shares trading hands.

Analyst Upgrades and Downgrades

Separately, ATB Cormark Capital Markets increased their price target on Blue Moon Metals from C$10.00 to C$13.50 and gave the company a “speculative buy” rating in a report on Monday, April 20th. Two equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, Blue Moon Metals currently has an average rating of “Buy” and a consensus price target of C$12.00.

Blue Moon Metals Trading Down 2.0%

The firm has a fifty day moving average of C$8.42 and a 200 day moving average of C$8.36. The firm has a market capitalization of C$703.63 million, a PE ratio of -0.63 and a beta of 0.47. 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.