Blue Moon Metals (CVE:MOON) Stock Price Crosses Below 50-Day Moving Average – Time to Sell?

Blue Moon Metals Inc. (CVE:MOON – Get Free Report)’s stock price passed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of C$9.96 and traded as low as C$9.47. Blue Moon Metals shares last traded at C$9.65, with a volume of 156,937 shares changing hands.

Wall Street Analysts Forecast Growth

MOON has been the topic of several research reports. ATB Cormark Capital Markets raised their price objective 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 price objective 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, Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of C$12.00.

Get Blue Moon Metals alerts:

Check Out Our Latest Research Report on Blue Moon Metals

Blue Moon Metals Stock Performance

The company has a quick ratio of 0.50, a current ratio of 2.24 and a debt-to-equity ratio of 6.52. The stock has a 50 day simple moving average of C$10.01 and a 200 day simple moving average of C$7.21. The company has a market capitalization of C$897.47 million, a price-to-earnings ratio of -8.00 and a beta of 0.31.

Blue Moon Metals Company Profile

(Get Free Report)

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.

Further Reading

• Five stocks we like better than Blue Moon Metals
• Everpure: AI Storage Uncertainty Overshadows Breakneck Growth
• This Tech ETF Is Beating QQQ—and Canada May Be Part of the Reason
• Intel Is the Market’s Most Mispriced AI Hedge
• The Biggest Opportunity From SpaceX’s IPO May Surprise You

Receive News & Ratings for Blue Moon Metals Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Blue Moon Metals and related companies with MarketBeat.com's FREE daily email newsletter.