Blue Moon Metals (CVE:MOON) Stock Price Crosses Above 50 Day Moving Average – What’s Next?

Blue Moon Metals Inc. (CVE:MOON) passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of C$9.25 and traded as high as C$9.57. Blue Moon Metals shares last traded at C$9.20, with a volume of 251,023 shares trading hands.

Analysts Set New Price Targets

Several equities analysts have issued reports on MOON shares. ATB Cormark Capital Markets upped their price target on shares of 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 price target on shares of 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 MarketBeat.com, Blue Moon Metals presently has an average rating of “Buy” and an average target price of C$12.00.

Blue Moon Metals Stock Performance

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’s 50-day simple moving average is C$9.25 and its 200-day simple moving average is C$6.57. The stock has a market capitalization of C$962.84 million, a price-to-earnings ratio of -8.60 and a beta of 0.93.

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.