Lumina Gold (CVE:LUM) Trading Up 27.8% - Still a Buy?

Lumina Gold Corp. (CVE:LUM - Get Free Report)'s stock price shot up 27.8% during mid-day trading on Monday . The stock traded as high as C$1.19 and last traded at C$1.15. 10,738,478 shares changed hands during mid-day trading, an increase of 2,467% from the average session volume of 418,328 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 objective on shares of Lumina Gold and gave the stock an "outperform" rating in a research report on Tuesday, April 1st.

Lumina Gold Stock Performance

The stock 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 current ratio of 0.20, a quick ratio of 0.17 and a debt-to-equity ratio of -0.05. The firm's 50-day simple moving average is C$0.71 and its 200 day simple moving average is C$0.58.

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.