Blue Moon Metals ( (TSE:MOON) ) has issued an update.
Blue Moon Metals Inc. has announced a proposed consolidation of its share capital, where one new common share will replace up to ten existing shares, pending regulatory approval. The consolidation aims to enhance the marketability of the shares and facilitate future financings, potentially impacting the company’s ability to fund operations and improve its market position.
More about Blue Moon Metals
Blue Moon Metals Inc. is engaged in advancing three brownfield polymetallic projects, which include the Nussir copper-gold-silver project and the NSG copper-zinc-gold-silver project in Norway, as well as the Blue Moon zinc-gold-silver-copper project in the United States. These projects are strategically located with existing infrastructure, and the company focuses on metals like zinc and copper, which are critical to the global economy and national security.
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $16M
For detailed information about MOON stock, go to TipRanks’ Stock Analysis page.