Moon River Moly (CVE:MOO) Trading Down 10% – Time to Sell?

Moon River Moly Ltd. (CVE:MOO – Get Free Report) shares were down 10% during mid-day trading on Wednesday . The company traded as low as C$0.72 and last traded at C$0.72. Approximately 88,740 shares were traded during trading, an increase of 118% from the average daily volume of 40,768 shares. The stock had previously closed at C$0.80.

Moon River Moly Stock Down 10.0%

The firm has a market capitalization of C$23.97 million, a PE ratio of -11.25 and a beta of 3.83. The firm’s 50 day moving average price is C$0.81 and its two-hundred day moving average price is C$0.74.

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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