Blue Moon Metals (CVE:MOON) Stock Price Crosses Above 50-Day Moving Average – Should You Sell?

Blue Moon Metals Inc. (CVE:MOON)’s share price crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of C$9.25 and traded as high as C$9.57. Blue Moon Metals shares last traded at C$9.20, with a volume of 251,023 shares.

Wall Street Analyst Weigh In

Several brokerages recently commented on MOON. ATB Cormark Capital Markets lifted their target price on shares of Blue Moon Metals from C$10.00 to C$13.50 and gave the stock a “speculative buy” rating in a report on Monday, April 20th. Haywood Capital set a C$15.00 price objective on shares of Blue Moon Metals and gave the company a “buy” rating in a report on Friday, April 10th. Three equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of C$12.00.

Blue Moon Metals Stock Performance

The stock’s 50-day moving average is C$9.25 and its 200-day moving average is C$6.57. The firm has a market capitalization of C$962.84 million, a price-to-earnings ratio of -8.60 and a beta of 0.93. The company has a current ratio of 2.24, a quick ratio of 0.50 and a debt-to-equity ratio of 6.52.

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.