Lumina Gold (CVE:LUM) Shares Up 28.9% - Still a Buy?

Shares of Lumina Gold Corp. (CVE:LUM - Get Free Report) shot up 28.9% on Monday . The company traded as high as C$1.19 and last traded at C$1.16. 8,358,384 shares traded hands during trading, an increase of 2,088% from the average session volume of 381,959 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 target price on Lumina Gold and gave the company an "outperform" rating in a research note on Tuesday, April 1st.

Lumina Gold Price Performance

The firm's 50 day moving average is C$0.71 and its 200 day moving average is C$0.58. The firm has a market cap of C$355.36 million, a P/E ratio of -8.35 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.

About Lumina Gold

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.