Moon River Moly (CVE:MOO) Hits New 12-Month Low – What’s Next?

Moon River Moly Ltd. (CVE:MOOGet Free Report) reached a new 52-week low during trading on Monday . The company traded as low as C$0.32 and last traded at C$0.35, with a volume of 27500 shares. The stock had previously closed at C$0.35.

Moon River Moly Price Performance

The firm has a market cap of C$11.54 million, a PE ratio of -1.17 and a beta of 2.60. The firm’s fifty day simple moving average is C$0.45 and its two-hundred day simple moving average is C$0.52.

About Moon River Moly

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Moon River Capital Ltd., a resource company, focuses on the acquisition, exploration, and development of mineral projects. The company primarily explores for molybdenum deposit. It holds rights and interests in the Davidson Property, which includes six mineral leases covering approximately 1,631.8 hectares and seven mineral claims covering 2,202.02 hectares located near the town of Smithers, British Columbia.

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