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 changing hands.

Analyst Ratings Changes

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

Blue Moon Metals Trading Down 1.1%

The company has a current ratio of 2.24, a quick ratio of 0.50 and a debt-to-equity ratio of 6.52. The business’s 50-day moving average is C$9.05 and its two-hundred day moving average is C$8.24. The firm has a market cap of C$767.60 million, a P/E ratio of -0.68 and a beta of 0.48.

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.