Dear's,
I moved the MSMQ to new location successfully without any issue following the below steps with few changes :
1. Firstly we need to verify that MSMQ queue is 0
2. Before bringing the MSMQ resource online in steps 8 you need to add the dependencies.
1. In the Failover Cluster Management console, expand Cluster_name | Services and Applications | Server_name
2. Bring all resources offline including the Disk Drive resource for MSMQ
3. Browse to the MSMQ folder location and move the msmq folder to a backup location; Ie. M:\storage\msmq
4. Go to properties of the MSMQ Resource | Dependencies tab
5. Take note of the EV resource listed which should be listed as the server name and Delete it. Click OK and choose Yes when prompted.
6. Right-click on the MSMQ Resource and choose Delete. Click Yes when prompted
7. Expand Cluster_name > Services and Applications > Server_name > Add a resource > More Resources > B - Add Message Queuing
8. Bring this resource online and go to the Properties and Dependencies tab
9. Add the EV resource name that was deleted in step 5. Also add the msmq resource dependency and click OK.
10. Bring all resources back online and confirm EV is now functional again