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Blue Moon Metals (CVE:MOON) Share Price Passes Below Fifty Day Moving Average - Here's Why

Blue Moon Metals logo with Basic Materials background

Blue Moon Metals Inc. (CVE:MOON - Get Free Report) passed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of C$3.17 and traded as low as C$3.11. Blue Moon Metals shares last traded at C$3.14, with a volume of 28,369 shares traded.

Blue Moon Metals Stock Performance

The firm has a market cap of C$199.25 million, a price-to-earnings ratio of -344.86 and a beta of 1.76. The business has a fifty day moving average of C$3.18 and a two-hundred day moving average of C$2.08.

Insider Buying and Selling at Blue Moon Metals

In other news, Director Christian Peter Kargl-Simard purchased 20,000 shares of the stock in a transaction that occurred on Monday, July 14th. The shares were acquired at an average price of C$3.20 per share, for a total transaction of C$63,958.00. In the last 90 days, insiders purchased 109,991 shares of company stock valued at $352,337. Corporate insiders own 29.61% of the company's stock.

Blue Moon Metals Company Profile

(Get Free Report)

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.

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