Insider Buying: Blue Moon Metals (CVE:MOON) Director Acquires 100,000 Shares of Stock

Blue Moon Metals Inc. (CVE:MOON) Director Frode Michal Nilsen acquired 100,000 shares of the stock in a transaction dated Monday, October 5th. The shares were bought at an average cost of C$7.05 per share, for a total transaction of C$705,000.00. Following the acquisition, the director owned 2,920,078 shares in the company, valued at C$20,586,549.90. The trade was a 3.55% increase in their position.

Blue Moon Metals Stock Performance

CVE:MOON traded up C$0.26 during midday trading on Tuesday, reaching C$7.25. The stock had a trading volume of 97,361 shares, compared to its average volume of 239,102. The stock has a market capitalization of C$760.26 million, a P/E ratio of -6.30 and a beta of 0.34. Blue Moon Metals Inc. has a 1-year low of C$2.96 and a 1-year high of C$11.80. The company has a debt-to-equity ratio of 4.36, a current ratio of 3.85 and a quick ratio of 0.50. The firm’s fifty day simple moving average is C$7.59 and its 200-day simple moving average is C$8.69.

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.