Blue Moon Metals (CVE:MOON) Shares Pass Above Fifty Day Moving Average – What’s Next?

Blue Moon Metals Inc. (CVE:MOON)’s share price passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of C$9.10 and traded as high as C$10.20. Blue Moon Metals shares last traded at C$9.87, with a volume of 210,020 shares trading hands.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on MOON shares. ATB Cormark Capital Markets lifted their target price on Blue Moon Metals from C$10.00 to C$13.50 and gave the company a “speculative buy” rating in a research report on Monday, April 20th. Haywood Capital set a C$15.00 target price 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 data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of C$12.00.

Blue Moon Metals Price Performance

The stock has a market cap of C$1.03 billion, a price-to-earnings ratio of -1.37 and a beta of 0.93. The company has a 50-day simple moving average of C$9.10 and a two-hundred day simple moving average of C$6.33. The company has a debt-to-equity ratio of 7.09, a quick ratio of 0.50 and a current ratio of 7.68.

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.