Blue Moon Metals (CVE:MOON) Given a C$5.00 Price Target at Scotiabank

Scotiabank set a C$5.00 price target on Blue Moon Metals (CVE:MOON - Free Report) in a research note published on Friday,BayStreet.CA reports. The firm currently has an outperform rating on the stock.

Blue Moon Metals Trading Up 1.2%

Shares of Blue Moon Metals stock traded up C$0.04 on Friday, reaching C$3.34. 18,140 shares of the stock were exchanged, compared to its average volume of 32,544. Blue Moon Metals has a 1-year low of C$0.25 and a 1-year high of C$4.30. The business has a fifty day moving average price of C$3.19 and a two-hundred day moving average price of C$2.15. The firm has a market capitalization of C$211.27 million, a PE ratio of -365.66 and a beta of 1.76.

Insider Activity at Blue Moon Metals

In other news, Director Christian Peter Kargl-Simard acquired 20,000 shares of Blue Moon Metals stock in a transaction that occurred on Monday, July 14th. The shares were acquired at an average price of C$3.20 per share, with a total value of C$63,958.00. Insiders have purchased 109,991 shares of company stock valued at $352,337 in the last quarter. 29.61% of the stock is owned by corporate 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.