Blue Moon Metals (CVE:MOON) Shares Pass Above Fifty Day Moving Average – What’s Next?

Blue Moon Metals Inc. (CVE:MOON)’s stock price crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of C$9.10 and traded as high as C$10.20. Blue Moon Metals shares last traded at C$9.87, with a volume of 210,020 shares.

Analyst Ratings Changes

MOON has been the topic of several recent analyst reports. Haywood Capital set a C$15.00 price target on Blue Moon Metals and gave the stock a “buy” rating in a research report on Friday, April 10th. ATB Cormark Capital Markets boosted their price target on Blue Moon Metals from C$10.00 to C$13.50 and gave the stock a “speculative buy” rating in a research report on Monday, April 20th. Three research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of C$12.00.

Blue Moon Metals Price Performance

The company has a debt-to-equity ratio of 7.09, a quick ratio of 0.50 and a current ratio of 7.68. The firm has a market capitalization of C$1.03 billion, a price-to-earnings ratio of -1.37 and a beta of 0.93. The business has a fifty day moving average of C$9.10 and a two-hundred day moving average of C$6.33.

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.