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

Shares of Blue Moon Metals Inc. (CVE:MOON) crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of C$9.25 and traded as high as C$9.57. Blue Moon Metals shares last traded at C$9.20, with a volume of 251,023 shares changing hands.

Analyst Upgrades and Downgrades

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

Blue Moon Metals Stock Up 6.5%

The stock’s 50 day simple moving average is C$9.29 and its two-hundred day simple moving average is C$6.60. The firm has a market cap of C$1.03 billion, a P/E ratio of -9.16 and a beta of 0.93. The company has a debt-to-equity ratio of 6.52, a current ratio of 2.24 and a quick ratio of 0.50.

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.