Blue Moon Metals (CVE:MOON) Shares Pass Above 50 Day Moving Average – Should You Sell?

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 Stock Performance

The business’s fifty day moving average price is C$0.29 and its two-hundred day moving average price is C$0.13. The company has a debt-to-equity ratio of 9.85, a quick ratio of 0.50 and a current ratio of 1.40. The stock has a market capitalization of C$17.69 million, a P/E ratio of -16.75 and a beta of 1.76.

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.