Blue Moon Metals (CVE:MOON) Stock Passes Above 50-Day Moving Average – Time to Sell?

Blue Moon Metals Inc. (CVE:MOON) shares crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of C$10.07 and traded as high as C$10.45. Blue Moon Metals shares last traded at C$10.44, with a volume of 50,493 shares.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on MOON shares. 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. ATB Cormark Capital Markets increased their price target on shares of 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. Three analysts have rated the stock with a Buy rating, According to MarketBeat.com, Blue Moon Metals presently has an average rating of “Buy” and an average target price of C$12.00.

Blue Moon Metals Trading Down 4.8%

The company’s 50 day simple moving average is C$10.09 and its 200 day simple moving average is C$7.45. The firm has a market cap of C$979.25 million, a price-to-earnings ratio of -0.87 and a beta of 0.31. The company has a debt-to-equity ratio of 6.52, a current ratio of 2.24 and a quick ratio of 0.50.

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.