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

Lumina Gold Corp. (CVE:LUM - Get Free Report)'s share price traded up 28.9% during trading on Tuesday . The company traded as high as C$1.19 and last traded at C$1.16. 11,227,432 shares were traded 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.

Analysts Set New Price Targets

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

Lumina Gold Stock Performance

The company 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 quick ratio of 0.17, a current ratio of 0.20 and a debt-to-equity ratio of -0.05. The business has a 50-day moving average price of C$0.71 and a two-hundred day moving average price of C$0.58.

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.