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The latest announcement is out from Blue Moon Metals ( (TSE:MOON) ).
Blue Moon Metals Inc. has successfully completed the first blast on the access portal of the Nussir Mine ahead of schedule, marking a significant milestone in its underground construction efforts. This development is expected to facilitate further exploration and engineering work, leading to a final investment decision in 2026. The Nussir project is crucial for supplying Europe’s copper needs, and this progress underscores Blue Moon’s commitment to advancing its critical metals operations.
The most recent analyst rating on (TSE:MOON) stock is a Buy with a C$4.50 price target. To see the full list of analyst forecasts on Blue Moon Metals stock, see the TSE:MOON Stock Forecast page.
Spark’s Take on TSE:MOON Stock
According to Spark, TipRanks’ AI Analyst, TSE:MOON is a Underperform.
Blue Moon Metals is currently struggling with financial stability due to its pre-revenue status and reliance on financing, which significantly impacts its overall score. Despite positive technical indicators and strategic corporate developments, the lack of earnings and traditional valuation metrics pose substantial risks for investors.
To see Spark’s full report on TSE:MOON stock, click here.
More about Blue Moon Metals
Blue Moon Metals Inc. is engaged in advancing three brownfield polymetallic projects, including the Nussir copper-gold-silver project in Norway, the Blue Moon zinc-gold-silver-copper project in the United States, and the NSG copper-zinc-gold-silver project in Norway. These projects are strategically located with existing infrastructure, and the company focuses on metals critical to the global economy and national security, such as zinc and copper.
YTD Price Performance: -24.39%
Average Trading Volume: 38,063
Technical Sentiment Signal: Hold
Current Market Cap: C$159.6M
Learn more about MOON stock on TipRanks’ Stock Analysis page.