Blue Moon Metals (CVE:MOON) Stock Crosses Below 200-Day Moving Average – Here’s What Happened

Blue Moon Metals Inc. (CVE:MOON) shares passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$8.31 and traded as low as C$8.26. Blue Moon Metals shares last traded at C$8.37, with a volume of 83,833 shares changing hands.

Analyst Upgrades and Downgrades

MOON has been the topic of several recent research reports. Haywood Capital set a C$15.00 price target on Blue Moon Metals and gave the company a “buy” rating in a report on Friday, April 10th. ATB Cormark Capital Markets boosted 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 report on Monday, April 20th. Two equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, Blue Moon Metals currently has an average rating of “Buy” and a consensus price target of C$12.00.

Blue Moon Metals Trading Down 0.8%

The stock has a market capitalization of C$877.70 million, a P/E ratio of -0.78 and a beta of 0.47. 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 business’s 50 day simple moving average is C$8.82 and its 200-day simple moving average is C$8.31.

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.