Blue Moon Metals (CVE:MOON) Hits New 52-Week High – What’s Next?

Blue Moon Metals Inc. (CVE:MOON)’s share price hit a new 52-week high during trading on Monday . The stock traded as high as C$7.94 and last traded at C$7.71, with a volume of 213473 shares changing hands. The stock had previously closed at C$6.90.

Analyst Upgrades and Downgrades

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

Blue Moon Metals Price Performance

The firm has a 50-day moving average of C$5.47 and a 200 day moving average of C$4.30. The company has a market capitalization of C$630.58 million, a PE ratio of -16.96 and a beta of 2.00.

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.