Blue Moon Metals (CVE:MOON) PT Set at C$5.00 by Scotiabank

Blue Moon Metals (CVE:MOON) has been given a C$5.00 target price by equities research analysts at Scotiabank in a report released on Friday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. Scotiabank’s price target points to a potential upside of 49.70% from the company’s current price.

Blue Moon Metals Trading Up 1.2%

Shares of MOON opened at C$3.34 on Friday. The company has a market cap of C$211.27 million, a P/E ratio of -365.66 and a beta of 1.76. Blue Moon Metals has a twelve month low of C$0.25 and a twelve month high of C$4.30. The company’s fifty day simple moving average is C$3.19 and its 200-day simple moving average is C$2.14.

Insider Buying and Selling at Blue Moon Metals

In related news, Director Christian Peter Kargl-Simard bought 20,000 shares of the stock in a transaction that occurred on Monday, July 14th. The stock was bought at an average cost of C$3.20 per share, for a total transaction of C$63,958.00. In the last quarter, insiders have bought 109,991 shares of company stock valued at $352,337. 29.61% of the stock is currently owned by company insiders.

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.