Blue Moon Metals Inc. (CVE:MOON - Get Free Report) shares passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of C$3.40 and traded as high as C$3.46. Blue Moon Metals shares last traded at C$3.42, with a volume of 12,800 shares.
Analysts Set New Price Targets
Separately, Scotiabank set a C$5.00 price target on Blue Moon Metals and gave the company an "outperform" rating in a research report on Friday, July 18th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus target price of C$5.00.
View Our Latest Stock Analysis on MOON
Blue Moon Metals Stock Performance
The firm's 50 day moving average price is C$3.40 and its 200-day moving average price is C$2.83. The firm has a market capitalization of C$174.54 million, a PE ratio of -12.11 and a beta of 2.11.
Insider Transactions at Blue Moon Metals
In other Blue Moon Metals news, Director Karin Sigrid Thorburn acquired 11,800 shares of the business's stock in a transaction dated Wednesday, July 23rd. The stock was acquired at an average cost of C$3.39 per share, for a total transaction of C$40,002.00. Also, Director Christian Peter Kargl-Simard bought 20,000 shares of Blue Moon Metals stock in a transaction dated Monday, July 14th. The shares were acquired at an average cost of C$3.20 per share, with a total value of C$63,958.00. Insiders purchased a total of 69,310 shares of company stock valued at $231,212 in the last ninety days. 29.61% of the stock is currently owned by insiders.
About Blue Moon Metals
(
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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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