Moneta Gold (TSE:ME) Shares Cross Below Two Hundred Day Moving Average of $2.15

Moneta Gold Inc. (TSE:MEGet Rating) shares passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$2.15 and traded as low as C$1.86. Moneta Gold shares last traded at C$1.86, with a volume of 61,580 shares changing hands.

Separately, Stifel Nicolaus boosted their price target on Moneta Gold from C$5.60 to C$5.75 in a report on Wednesday, April 27th.

The stock has a market capitalization of C$176.73 million and a P/E ratio of -15.12. The stock has a 50 day moving average of C$2.30 and a 200 day moving average of C$2.15. The company has a debt-to-equity ratio of 0.10, a quick ratio of 8.41 and a current ratio of 8.53.

Moneta Gold (TSE:MEGet Rating) last released its quarterly earnings results on Monday, May 9th. The company reported C$0.01 earnings per share (EPS) for the quarter.

About Moneta Gold (TSE:ME)

Moneta Gold Inc operates as a resource exploration company in Canada. The company explores for gold deposits. Its flagship project is the Tower gold project located to the east of Timmins. The company was formerly known as Moneta Porcupine Mines Inc and changed its name to Moneta Gold Inc in August 2021.

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