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Lumina Gold (CVE:LUM) Hits New 52-Week High - Should You Buy?

Lumina Gold logo with Basic Materials background

Lumina Gold Corp. (CVE:LUM - Get Free Report) shares reached a new 52-week high during mid-day trading on Monday . The company traded as high as C$1.27 and last traded at C$1.26, with a volume of 22606 shares trading hands. The stock had previously closed at C$1.26.

Wall Street Analysts Forecast Growth

Separately, Royal Bank Of Canada set a C$1.50 price objective on Lumina Gold and gave the company an "outperform" rating in a research report on Tuesday, April 1st.

Read Our Latest Stock Analysis on LUM

Lumina Gold Stock Performance

The company has a market capitalization of C$370.04 million, a price-to-earnings ratio of -8.70 and a beta of 1.47. The company has a debt-to-equity ratio of -0.05, a current ratio of 0.20 and a quick ratio of 0.17. The stock has a 50-day moving average price of C$1.22 and a 200-day moving average price of C$0.80.

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.

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