Blue Moon Metals (CVE:MOON) Share Price Crosses Above Fifty Day Moving Average - Time to Sell?

Blue Moon Metals Inc. (CVE:MOON - Get Free Report) shares crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of C$2.82 and traded as high as C$3.12. Blue Moon Metals shares last traded at C$3.04, with a volume of 14,350 shares.

Blue Moon Metals Stock Up 0.7%

The stock has a market cap of C$192.93 million, a P/E ratio of -333.91 and a beta of 1.76. The firm's 50-day moving average is C$2.98 and its two-hundred day moving average is C$1.27.

Insider Buying and Selling

In other news, Director Christian Peter Kargl-Simard acquired 20,000 shares of Blue Moon Metals stock in a transaction on Tuesday, April 22nd. The shares were purchased at an average price of C$3.51 per share, with a total value of C$70,168.00. Insiders purchased 61,241 shares of company stock worth $185,862 in the last 90 days. 29.61% of the stock is owned by company insiders.

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.