Insider Buying: Blue Moon Metals (CVE:MOON) Director Buys 4,200 Shares of Stock

Key Points

  • Director Frode Michal Nilsen purchased 100,000 shares of Blue Moon Metals at C$7.05 each, investing C$705,000 and increasing his stake by 3.55% to 2,920,078 shares.
  • Blue Moon Metals shares opened at C$7.27, with a market capitalization of approximately C$762.35 million. The stock has traded between C$2.96 and C$11.80 over the past year.
  • The exploration-stage company is developing mineral properties in Canada and the United States, primarily targeting zinc, copper, silver, and gold.

Blue Moon Metals Inc. (CVE:MOON - Get Free Report) Director Karin Sigrid Thorburn purchased 4,200 shares of the firm's stock in a transaction that occurred on Monday, October 5th. The stock was bought at an average cost of C$7.10 per share, with a total value of C$29,820.00. Following the completion of the purchase, the director owned 219,231 shares of the company's stock, valued at C$1,556,540.10. This represents a 1.95% increase in their ownership of the stock.

Blue Moon Metals Stock Performance

Shares of MOON opened at C$7.27 on Wednesday. The company has a 50-day simple moving average of C$7.59 and a two-hundred day simple moving average of C$8.69. The company has a debt-to-equity ratio of 4.36, a current ratio of 3.85 and a quick ratio of 0.50. The firm has a market capitalization of C$762.35 million, a PE ratio of -6.32 and a beta of 0.34. Blue Moon Metals Inc. has a one year low of C$2.96 and a one year high of C$11.80.

About Blue Moon Metals

(Get Free Report)

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.

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