Blue Moon Metals (CVE:MOON) Share Price Crosses Below 50 Day Moving Average – Should You Sell?

Blue Moon Metals Inc. (CVE:MOON) shares crossed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of C$9.86 and traded as low as C$7.59. Blue Moon Metals shares last traded at C$8.02, with a volume of 106,669 shares traded.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the company. ATB Cormark Capital Markets boosted their target price 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. Haywood Capital set a C$15.00 price target on Blue Moon Metals and gave the company a “buy” rating in a research report on Friday, April 10th. Three research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of C$12.00.

Blue Moon Metals Trading Up 1.8%

The company has a debt-to-equity ratio of 6.52, a current ratio of 2.24 and a quick ratio of 0.50. The company has a fifty day moving average of C$9.86 and a 200-day moving average of C$7.60. The firm has a market capitalization of C$840.86 million, a PE ratio of -0.75 and a beta of 0.31.

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.