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

Shares of Blue Moon Metals Inc. (CVE:MOON) crossed below its 50-day moving average during trading on Monday . The stock has a 50-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.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on MOON shares. Haywood Capital set a C$15.00 price target on Blue Moon Metals and gave the stock a “buy” rating in a research report on Friday, April 10th. ATB Cormark Capital Markets raised their price target on Blue Moon Metals from C$10.00 to C$13.50 and gave the stock a “speculative buy” rating in a research report on Monday, April 20th. Three equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of C$12.00.

Blue Moon Metals Stock Down 6.4%

The company has a debt-to-equity ratio of 6.52, a current ratio of 2.24 and a quick ratio of 0.50. The firm has a 50-day simple moving average of C$9.96 and a two-hundred day simple moving average of C$7.14. The company has a market cap of C$1.01 billion, a PE ratio of -9.02 and a beta of 0.31.

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.