Lumina Gold (CVE:LUM) Trading 28.9% Higher - What's Next?

Lumina Gold Corp. (CVE:LUM - Get Free Report)'s stock price shot up 28.9% during mid-day trading 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 price target on Lumina Gold and gave the company an "outperform" rating in a research report on Tuesday, April 1st.

Lumina Gold Stock Performance

The company has a debt-to-equity ratio of -0.05, a quick ratio of 0.17 and a current ratio of 0.20. The stock's fifty day moving average price is C$0.71 and its 200-day moving average price is C$0.58. The company has a market capitalization of C$355.36 million, a P/E ratio of -8.35 and a beta of 1.47.

Lumina Gold Company Profile

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.