Blue Moon Metals (CVE:MOON) Stock Price Crosses Above 50 Day Moving Average - Should You Sell?

Blue Moon Metals Inc. (CVE:MOON - Get Free Report)'s stock price passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of C$3.03 and traded as high as C$3.10. Blue Moon Metals shares last traded at C$3.09, with a volume of 25,526 shares changing hands.

Blue Moon Metals Stock Down 0.6%

The company has a 50 day moving average of C$3.05 and a 200 day moving average of C$1.38. The stock has a market capitalization of C$197.35 million, a price-to-earnings ratio of -341.58 and a beta of 1.76.

Insider Activity

In other news, Director Christian Peter Kargl-Simard bought 20,000 shares of Blue Moon Metals stock in a transaction that occurred on Tuesday, April 22nd. The shares were purchased at an average price of C$3.51 per share, for a total transaction of C$70,168.00. Insiders purchased a total of 81,241 shares of company stock valued at $246,462 in the last 90 days. 29.61% of the stock is currently owned by insiders.

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.