Blue Moon Metals (CVE:MOON) Shares Cross Below Two Hundred Day Moving Average – Time to Sell?

Blue Moon Metals Inc. (CVE:MOON)’s share price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$8.23 and traded as low as C$7.04. Blue Moon Metals shares last traded at C$7.16, with a volume of 153,873 shares traded.

Analyst Ratings Changes

MOON has been the topic of several recent analyst reports. Haywood Capital set a C$15.00 price target on Blue Moon Metals and gave the company a “buy” rating in a research report on Friday, April 10th. ATB Cormark Capital Markets raised their price objective 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. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of C$12.00.

Blue Moon Metals Trading Down 2.6%

The stock has a market cap of C$750.82 million, a price-to-earnings ratio of -0.67 and a beta of 0.48. The company has a debt-to-equity ratio of 6.52, a quick ratio of 0.50 and a current ratio of 2.24. The company’s 50 day simple moving average is C$9.09 and its two-hundred day simple moving average is C$8.23.

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.