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

Blue Moon Metals Inc. (CVE:MOON) passed 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 trading hands.

Analyst Upgrades and Downgrades

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

Blue Moon Metals Trading Down 2.6%

The company 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’s 50 day moving average price is C$9.09 and its 200 day moving average price is C$8.23. The company has a debt-to-equity ratio of 6.52, a quick ratio of 0.50 and a current ratio of 2.24.

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.