Blue Moon Metals (CVE:MOON) Hits New 1-Year High – Here’s Why

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

Analyst Upgrades and Downgrades

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

Blue Moon Metals Price Performance

The firm’s 50 day moving average price is C$5.47 and its 200 day moving average price is C$4.30. The stock has a market capitalization of C$630.58 million, a P/E ratio of -16.96 and a beta of 2.00.

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.