Blue Moon Metals (CVE:MOON) Stock Price Crosses Below 200-Day Moving Average – What’s Next?

Blue Moon Metals Inc. (CVE:MOON)’s stock price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$8.31 and traded as low as C$8.26. Blue Moon Metals shares last traded at C$8.37, with a volume of 83,833 shares changing hands.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on MOON shares. ATB Cormark Capital Markets boosted their price objective on Blue Moon Metals from C$10.00 to C$13.50 and gave the stock a “speculative buy” rating in a research note on Monday, April 20th. Haywood Capital set a C$15.00 target price on Blue Moon Metals and gave the stock a “buy” rating in a research note on Friday, April 10th. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of C$12.00.

Blue Moon Metals Stock Down 2.4%

The firm’s fifty day simple moving average is C$8.77 and its two-hundred day simple moving average is C$8.31. The company has a current ratio of 2.24, a quick ratio of 0.50 and a debt-to-equity ratio of 6.52. The company has a market capitalization of C$856.73 million, a price-to-earnings ratio of -0.76 and a beta of 0.47.

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.