Blue Moon Metals (CVE:MOON) Stock Price Passes Above 50-Day Moving Average – Here’s What Happened

Shares of Blue Moon Metals Inc. (CVE:MOON) crossed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of C$1.52 and traded as high as C$4.30. Blue Moon Metals shares last traded at C$3.90, with a volume of 41,492 shares.

Blue Moon Metals Stock Performance

The firm has a market capitalization of C$251.75 million, a price-to-earnings ratio of -435.73 and a beta of 1.76. The company has a 50 day moving average price of C$1.67 and a two-hundred day moving average price of C$0.80.

Insider Buying and Selling

In other Blue Moon Metals news, Director Christian Peter Kargl-Simard acquired 11,100 shares of the firm’s stock in a transaction that occurred on Friday, April 4th. The shares were purchased at an average cost of C$2.40 per share, for a total transaction of C$26,595.60. In the last three months, insiders have bought 17,350 shares of company stock worth $43,241. Insiders own 29.61% of the company’s stock.

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.