Blue Moon Metals (CVE:MOON) Director Purchases C$705,000.00 in Stock

Blue Moon Metals Inc. (CVE:MOON) Director Frode Michal Nilsen bought 100,000 shares of the business’s stock in a transaction that occurred on Monday, October 5th. The shares were bought at an average price of C$7.05 per share, with a total value of C$705,000.00. Following the completion of the purchase, the director owned 2,920,078 shares in the company, valued at approximately C$20,586,549.90. The trade was a 3.55% increase in their ownership of the stock.

Blue Moon Metals Stock Performance

CVE MOON traded up C$0.26 during midday trading on Tuesday, hitting C$7.25. The company had a trading volume of 97,361 shares, compared to its average volume of 239,102. The company has a quick ratio of 0.50, a current ratio of 3.85 and a debt-to-equity ratio of 4.36. The stock has a market cap of C$760.26 million, a price-to-earnings ratio of -6.30 and a beta of 0.34. The firm has a fifty day simple moving average of C$7.59 and a two-hundred day simple moving average of C$8.69. Blue Moon Metals Inc. has a fifty-two week low of C$2.96 and a fifty-two week high of C$11.80.

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.