Blue Moon Metals (CVE:MOON) Shares Up 8.7% – Still a Buy?

Blue Moon Metals Inc. (CVE:MOONGet Free Report) was up 8.7% during mid-day trading on Monday . The stock traded as high as C$9.29 and last traded at C$8.25. 779,162 shares were traded during trading, an increase of 243% from the average session volume of 227,158 shares. The stock had previously closed at C$7.59.

Blue Moon Metals Stock Up 9.0%

The business’s 50 day simple moving average is C$7.91 and its 200 day simple moving average is C$8.71. The company has a market capitalization of C$867.22 million, a PE ratio of -7.19 and a beta of 0.43. The company has a quick ratio of 0.50, a current ratio of 3.85 and a debt-to-equity ratio of 4.36.

Blue Moon Metals Company Profile

(Get Free Report)

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.

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