Lumina Gold (CVE:LUM) Trading 27.8% Higher – Here’s Why

by · The Cerbat Gem

Lumina Gold Corp. (CVE:LUM – Get Free Report) shares traded up 27.8% during trading on Monday . The company traded as high as C$1.19 and last traded at C$1.15. 9,595,178 shares changed hands during trading, an increase of 2,315% from the average session volume of 397,331 shares. The stock had previously closed at C$0.90.

Analyst Upgrades and Downgrades

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

Get Our Latest Stock Analysis on Lumina Gold

Lumina Gold Stock Performance

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 company’s fifty day simple moving average is C$0.65 and its two-hundred day simple moving average is C$0.56. The company has a market capitalization of C$340.68 million, a price-to-earnings ratio of -8.01 and a beta of 1.47.

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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