Mooney's Pond has evolved over the years from a semi-natural Atlantic salmon rearing facility, into a habitat restoration watershed group for Morell and surrounding areas. Throughout the years approximately 60,000 to 70,000 Salmon have been raised and released at Mooney's Pond and has become a popular fishing spot for the amateur or professional angler.
Peggy's Trail that loops around Mooneys Pond is well-maintained and includes a floating dock. With bridges and observation decks being the highlight, half of the trail is wheelchair including the fishing platforms. The nature trail originates off the Confederation Trail and leads to the wheelchair accessible activity areas which span over 600 metres.
There is an interpretive centre with information on Atlantic Salmon, birds, regulations and also has a peaceful picnic area. It is also an excellent location for bird watching and photography. The section of the trail at Anderson's Pool near Peakes is wheelchair accessible if entered from that end.