Moon River Moly (CVE:MOO) Shares Down 8.5% – Here’s What Happened

by · The Markets Daily

Shares of Moon River Moly Ltd. (CVE:MOO – Get Free Report) were down 8.5% during mid-day trading on Wednesday . The company traded as low as C$0.59 and last traded at C$0.65. Approximately 52,676 shares were traded during trading, an increase of 56% from the average daily volume of 33,825 shares. The stock had previously closed at C$0.71.

Moon River Moly Trading Down 1.7%

The company has a 50-day moving average of C$0.87 and a 200-day moving average of C$0.70. The company has a market capitalization of C$19.64 million, a price-to-earnings ratio of -9.22 and a beta of 3.77.

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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