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Lumina Gold (CVE:LUM) Trading 27.8% Higher - Time to Buy?

Lumina Gold logo with Basic Materials background

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

Analyst Ratings Changes

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.

Get Our Latest Stock Report on LUM

Lumina Gold Price Performance

The business has a fifty day moving average of C$0.71 and a 200 day moving average of C$0.58. 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 market cap of C$355.36 million, a PE ratio of -8.35 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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