Moon River Moly (CVE:MOO) Trading Down 2.6% – Here’s What Happened

by · The Cerbat Gem

Shares of Moon River Moly Ltd. (CVE:MOO – Get Free Report) were down 2.6% during mid-day trading on Thursday . The company traded as low as C$0.75 and last traded at C$0.75. Approximately 40,500 shares traded hands during mid-day trading, a decline of 41% from the average daily volume of 68,453 shares. The stock had previously closed at C$0.77.

Moon River Moly Stock Performance

The firm has a market capitalization of C$24.97 million, a price-to-earnings ratio of -11.72 and a beta of 4.34. The firm’s 50-day moving average price is C$0.83 and its two-hundred day moving average price is C$0.83.

About Moon River Moly

(Get Free Report)

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. The company was incorporated in 2019 and is based in Toronto, Canada.

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