Moon River Moly (CVE:MOO) Sets New 52-Week Low – Here’s Why

Moon River Moly Ltd. (CVE:MOOGet Free Report) reached a new 52-week low during trading on Wednesday . The company traded as low as C$0.40 and last traded at C$0.40, with a volume of 16500 shares trading hands. The stock had previously closed at C$0.41.

Moon River Moly Stock Performance

The firm has a 50 day simple moving average of C$0.54 and a two-hundred day simple moving average of C$0.59. The firm has a market capitalization of C$13.68 million, a P/E ratio of -1.38 and a beta of 2.60.

About Moon River Moly

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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.

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