Lumina Gold (CVE:LUM) Stock Price Up 28.9% – Should You Buy?

by · The Cerbat Gem

Shares of Lumina Gold Corp. (CVE:LUM – Get Free Report) rose 28.9% during trading on Monday . The stock traded as high as C$1.19 and last traded at C$1.16. Approximately 4,784,042 shares changed hands during trading, an increase of 1,413% from the average daily volume of 316,155 shares. The stock had previously closed at C$0.90.

Wall Street Analysts Forecast Growth

Separately, Royal Bank of Canada set a C$1.50 price target 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 Stock Performance

The company has a market cap of C$339.21 million, a P/E ratio of -7.97 and a beta of 1.47. The stock’s 50-day moving average price is C$0.65 and its 200-day moving average price is C$0.56. The company has a debt-to-equity ratio of -0.05, a current ratio of 0.20 and a quick ratio of 0.17.

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.

Featured Articles