Blue Moon Metals (CVE:MOON) Shares Cross Above 50 Day Moving Average – Here’s What Happened

Blue Moon Metals Inc. (CVE:MOON) shares crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of C$3.49 and traded as high as C$3.93. Blue Moon Metals shares last traded at C$3.80, with a volume of 45,200 shares traded.

Wall Street Analyst Weigh In

Separately, Scotiabank raised their target price on Blue Moon Metals from C$5.75 to C$6.00 in a report on Tuesday, October 28th. 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$6.00.

Blue Moon Metals Stock Down 4.3%

The firm has a market capitalization of C$307.20 million, a price-to-earnings ratio of -13.57 and a beta of 1.45. The stock has a 50 day moving average of C$3.49 and a 200 day moving average of C$3.34.

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.