Blue Moon Metals (CVE:MOON) Sets New 52-Week High – Here’s Why

Blue Moon Metals Inc. (CVE:MOON)’s share price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as C$9.25 and last traded at C$9.25, with a volume of 332898 shares. The stock had previously closed at C$8.99.

Analyst Ratings Changes

Separately, Scotiabank raised their price target on Blue Moon Metals from C$6.00 to C$7.50 in a research note on Thursday, January 8th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of C$7.50.

Blue Moon Metals Price Performance

The stock has a 50 day moving average price of C$6.80 and a two-hundred day moving average price of C$5.13. The company has a debt-to-equity ratio of 10.12, a quick ratio of 0.50 and a current ratio of 3.53. The company has a market capitalization of C$747.80 million, a PE ratio of -20.11 and a beta of 0.77.

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.