Insider Buying: Blue Moon Metals Inc. (CVE:MOON) Director Buys 11,800 Shares of Stock

Blue Moon Metals Inc. (CVE:MOON - Get Free Report) Director Karin Sigrid Thorburn bought 11,800 shares of the company's stock in a transaction dated Wednesday, July 23rd. The stock was purchased at an average price of C$3.39 per share, for a total transaction of C$40,002.00.

Karin Sigrid Thorburn also recently made the following trade(s):

• On Thursday, July 24th, Karin Sigrid Thorburn purchased 7,780 shares of Blue Moon Metals stock. The stock was bought at an average price of C$3.50 per share, with a total value of C$27,191.10.

Blue Moon Metals Trading Down 5.4%

CVE MOON traded down C$0.19 during trading hours on Monday, hitting C$3.33. 49,961 shares of the company's stock traded hands, compared to its average volume of 32,103. The business's fifty day moving average price is C$3.22 and its two-hundred day moving average price is C$2.25. The firm has a market capitalization of C$210.64 million, a P/E ratio of -364.57 and a beta of 1.76. Blue Moon Metals Inc. has a 52 week low of C$0.25 and a 52 week high of C$4.30.

Analyst Upgrades and Downgrades

Separately, Scotiabank set a C$5.00 price target on shares of Blue Moon Metals and gave the stock an "outperform" rating in a research note on Friday, July 18th.

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.