Lumina Gold (CVE:LUM) Stock Price Up 28.9% – What’s Next?

by · The Cerbat Gem

Lumina Gold Corp. (CVE:LUM – Get Free Report) shot up 28.9% during trading on Monday . The company traded as high as C$1.19 and last traded at C$1.16. 11,227,432 shares traded hands during trading, an increase of 2,540% from the average session volume of 425,334 shares. The stock had previously closed at C$0.90.

Analysts Set New Price Targets

Separately, Royal Bank of Canada set a C$1.50 price objective on shares of Lumina Gold and gave the company an “outperform” rating in a research note on Tuesday, April 1st.

Read Our Latest Stock Report on LUM

Lumina Gold Stock Up 28.9 %

The firm has a market cap of C$340.68 million, a PE ratio of -8.01 and a beta of 1.47. The company has a debt-to-equity ratio of -0.05, a quick ratio of 0.17 and a current ratio of 0.20. The stock has a fifty day moving average price of C$0.66 and a 200-day moving average price of C$0.56.

Lumina Gold Company Profile

(Get Free Report)

Lumina Gold Corp., a precious and base metals exploration and development company, engages in the acquisition, exploration, evaluation, and development of mineral resources in Ecuador. The company primarily explores for gold and copper deposits. It focuses on the Cangrejos Gold-Copper Project located in El Oro Province, southwest Ecuador.

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