Shares of Moon River Moly Ltd. (CVE:MOO – Get Free Report) dropped 3.8% during mid-day trading on Wednesday . The company traded as low as C$0.77 and last traded at C$0.77. Approximately 25,200 shares changed hands during mid-day trading, a decline of 53% from the average daily volume of 53,248 shares. The stock had previously closed at C$0.80.
Moon River Moly Stock Down 3.8%
The company has a market capitalization of C$28.91 million, a P/E ratio of 24.84 and a beta of 3.46. The business has a 50 day simple moving average of C$0.79 and a 200-day simple moving average of C$0.78.
About Moon River Moly
Moon River Capital Ltd., a resource company, focuses on the acquisition, exploration, and development of mineral projects. The company primarily explores for molybdenum deposit. It holds rights and interests in the Davidson Property, which includes six mineral leases covering approximately 1,631.8 hectares and seven mineral claims covering 2,202.02 hectares located near the town of Smithers, British Columbia. The company was incorporated in 2019 and is based in Toronto, Canada.
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