Moneta Gold (TSE:ME) Shares Cross Below Two Hundred Day Moving Average of $2.06

Moneta Gold Inc. (TSE:MEGet Rating)’s share price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$2.06 and traded as low as C$1.52. Moneta Gold shares last traded at C$1.54, with a volume of 127,960 shares trading hands.

Analysts Set New Price Targets

A number of brokerages recently issued reports on ME. Industrial Alliance Securities started coverage on Moneta Gold in a research report on Thursday, July 7th. They issued a “buy” rating and a C$4.70 target price on the stock. Haywood Securities restated a “buy” rating and issued a C$3.00 price target on shares of Moneta Gold in a research note on Wednesday, September 7th.

Moneta Gold Price Performance

The company has a 50 day moving average of C$1.79 and a 200-day moving average of C$2.06. The firm has a market capitalization of C$157.10 million and a P/E ratio of -12.52. The company has a current ratio of 1.67, a quick ratio of 1.63 and a debt-to-equity ratio of 0.11.

Moneta Gold Company Profile

(Get Rating)

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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