Blue Moon Metals (CVE:MOON) Hits New 12-Month High – Still a Buy?

Blue Moon Metals Inc. (CVE:MOON) shares reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as C$8.75 and last traded at C$8.75, with a volume of 227953 shares traded. The stock had previously closed at C$7.66.

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 investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of C$7.50.

Blue Moon Metals Price Performance

The stock has a market capitalization of C$711.42 million, a price-to-earnings ratio of -19.13 and a beta of 1.68. The company’s 50-day simple moving average is C$6.62 and its 200-day simple moving average is C$5.00. The company has a debt-to-equity ratio of 10.12, a current ratio of 3.53 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.