Lumina Gold (CVE:LUM) Trading Up 28.9% – Time to Buy?

by · The Cerbat Gem

Lumina Gold Corp. (CVE:LUM – Get Free Report)’s stock price traded up 28.9% 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 mid-day trading, an increase of 2,540% from the average session volume of 425,334 shares. The stock had previously closed at C$0.90.

Analyst Ratings Changes

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.

View Our Latest Stock Report on LUM

Lumina Gold Price Performance

The company has a 50 day moving average price of C$0.65 and a 200 day moving average price of C$0.56. The company has a current ratio of 0.20, a quick ratio of 0.17 and a debt-to-equity ratio of -0.05. The firm has a market cap of C$340.68 million, a PE ratio of -8.01 and a beta of 1.47.

About Lumina Gold

(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.

See Also