Blue Moon Metals (CVE:MOON) Hits New 12-Month High – Should You Buy?

Blue Moon Metals Inc. (CVE:MOON)’s share price hit a new 52-week high during mid-day trading on Monday . The company traded as high as C$6.76 and last traded at C$6.45, with a volume of 117055 shares changing hands. The stock had previously closed at C$6.01.

Analyst Upgrades and Downgrades

Separately, Scotiabank lifted their target price on Blue Moon Metals from C$6.00 to C$7.50 in a research report on Thursday, January 8th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of C$7.50.

Blue Moon Metals Price Performance

The firm’s fifty day moving average price is C$4.83 and its 200-day moving average price is C$3.95. The company has a market cap of C$490.72 million, a price-to-earnings ratio of -13.20 and a beta of 1.59.

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.