Blue Moon Metals (CVE:MOON) Shares Pass Above 50 Day Moving Average of $0.03

Blue Moon Metals Inc. (CVE:MOON – Get Rating)’s share price passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of C$0.03 and traded as high as C$0.09. Blue Moon Metals shares last traded at C$0.09, with a volume of 8,700 shares.

Blue Moon Metals Trading Up 12.5 %

The stock has a fifty day moving average of C$0.03 and a 200-day moving average of C$0.02. The company has a debt-to-equity ratio of 40.33, a quick ratio of 0.50 and a current ratio of 0.56. The company has a market cap of C$1.44 million, a PE ratio of -4.50 and a beta of 1.19.

Insiders Place Their Bets

In other news, Director John Mcclintock bought 1,684,900 shares of the stock in a transaction on Tuesday, January 31st. The stock was acquired at an average cost of C$0.02 per share, for a total transaction of C$25,273.50. Following the acquisition, the director now owns 6,158,400 shares of the company’s stock, valued at C$92,376. Company insiders own 15.19% of the company’s stock.

Blue Moon Metals Company Profile

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Blue Moon Metals Inc, an exploration stage mining company, engages in the exploration and development of mineral resource properties in Canada and the United States. The company explores for zinc, copper, lead, silver, and gold deposits. It principally holds a 100% owned interest 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 consists of two mineral leases totaling 1,280 hectares located in Nunavut.