Blue Moon Metals (CVE:MOON) Trading Up 8.7% – Here’s Why

Blue Moon Metals Inc. (CVE:MOON) shot up 8.7% during mid-day trading on Monday . The company traded as high as C$9.29 and last traded at C$8.25. 779,162 shares were traded during mid-day trading, an increase of 243% from the average session volume of 227,158 shares. The stock had previously closed at C$7.59.

Blue Moon Metals Price Performance

The stock’s 50-day moving average is C$7.91 and its 200 day moving average is C$8.71. The stock has a market capitalization of C$867.22 million, a PE ratio of -7.19 and a beta of 0.43. The company has a quick ratio of 0.50, a current ratio of 3.85 and a debt-to-equity ratio of 4.36.

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.