Blue Moon Metals (CVE:MOON) Share Price Passes Above Fifty Day Moving Average – What’s Next?

Blue Moon Metals Inc. (CVE:MOON) crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of C$4.75 and traded as high as C$6.16. Blue Moon Metals shares last traded at C$6.01, with a volume of 245,607 shares.

Analysts Set New Price Targets

Separately, Scotiabank raised their price objective on shares of Blue Moon Metals from C$6.00 to C$7.50 in a research report on Thursday, January 8th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of C$7.50.

Blue Moon Metals Stock Up 4.5%

The business has a 50-day simple moving average of C$4.75 and a 200-day simple moving average of C$3.90. The company has a market cap of C$485.87 million, a PE ratio of -13.07 and a beta of 1.59.

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.