Blue Moon Metals (CVE:MOON) Share Price Crosses Above Fifty Day Moving Average – What’s Next?

Blue Moon Metals Inc. (CVE:MOON) crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of C$9.10 and traded as high as C$10.20. Blue Moon Metals shares last traded at C$9.87, with a volume of 210,020 shares changing hands.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the stock. ATB Cormark Capital Markets raised their target price on shares of Blue Moon Metals from C$10.00 to C$13.50 and gave the company a “speculative buy” rating in a research report on Monday, April 20th. 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 report on Friday, April 10th. Three research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Blue Moon Metals presently has a consensus rating of “Buy” and a consensus target price of C$12.00.

Blue Moon Metals Stock Performance

The business’s 50-day moving average price is C$9.16 and its 200-day moving average price is C$6.39. The company has a current ratio of 7.68, a quick ratio of 0.50 and a debt-to-equity ratio of 7.09. The stock has a market cap of C$957.60 million, a PE ratio of -1.27 and a beta of 0.93.

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.