Blue Moon Metals (CVE:MOON) Shares Cross Above 50 Day Moving Average – What’s Next?

Blue Moon Metals Inc. (CVE:MOON) crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of C$0.29 and traded as high as C$0.35. Blue Moon Metals shares last traded at C$0.34, with a volume of 49,503 shares changing hands.

Blue Moon Metals Price Performance

The company has a market cap of C$17.69 million, a PE ratio of -16.75 and a beta of 1.76. The firm has a 50 day moving average of C$0.29 and a two-hundred day moving average of C$0.13. The company has a current ratio of 1.40, a quick ratio of 0.50 and a debt-to-equity ratio of 9.85.

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.