Moon River Moly (CVE:MOO) Shares Up 4.6% – Still a Buy?

Shares of Moon River Moly Ltd. (CVE:MOO – Get Free Report) shot up 4.6% on Thursday . The company traded as high as C$0.68 and last traded at C$0.68. Approximately 3,004 shares traded hands during trading, a decline of 93% from the average session volume of 42,101 shares. The stock had previously closed at C$0.65.

Moon River Moly Stock Up 4.6%

The firm’s 50 day simple moving average is C$0.75 and its 200-day simple moving average is C$0.76. The company has a market capitalization of C$25.53 million, a PE ratio of 21.94 and a beta of 3.50.

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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