Blue Moon Metals (CVE:MOON) Reaches New 52-Week High – Still a Buy?

Blue Moon Metals Inc. (CVE:MOON)’s stock price reached a new 52-week high during mid-day trading on Monday . The company traded as high as C$6.76 and last traded at C$6.45, with a volume of 117055 shares. The stock had previously closed at C$6.01.

Analysts Set New Price Targets

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

Blue Moon Metals Trading Up 2.0%

The company has a market capitalization of C$495.57 million, a price-to-earnings ratio of -13.33 and a beta of 1.59. The firm’s 50 day simple moving average is C$4.75 and its 200-day simple moving average is C$3.91.

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.