Blue Moon Metals (CVE:MOON) Director Purchases C$705,000.00 in Stock

Blue Moon Metals Inc. (CVE:MOON – Get Free Report) Director Frode Michal Nilsen purchased 100,000 shares of the firm’s 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 completion of the purchase, the director directly owned 2,920,078 shares of the company’s stock, valued at C$20,586,549.90. The trade was a 3.55% increase in their ownership of the stock.

Blue Moon Metals Stock Performance

Shares of Blue Moon Metals stock opened at C$6.91 on Friday. 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 has a 50 day simple moving average of C$7.57 and a 200 day simple moving average of C$8.69. Blue Moon Metals Inc. has a fifty-two week low of C$2.96 and a fifty-two week high of C$11.80. The firm has a market cap of C$724.60 million, a P/E ratio of -6.01 and a beta of 0.34.

About Blue Moon Metals

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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.

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