Blue Moon Metals (CVE:MOON) Reaches New 52-Week High – Here’s What Happened

Shares of Blue Moon Metals Inc. (CVE:MOON) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as C$8.75 and last traded at C$8.75, with a volume of 227953 shares traded. The stock had previously closed at C$7.66.

Analyst Upgrades and Downgrades

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

Blue Moon Metals Stock Up 16.4%

The company has a debt-to-equity ratio of 10.12, a current ratio of 3.53 and a quick ratio of 0.50. The firm has a 50-day moving average of C$6.50 and a 200 day moving average of C$4.93. The stock has a market capitalization of C$721.12 million, a price-to-earnings ratio of -19.39 and a beta of 1.68.

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.