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Lumina Gold (CVE:LUM) Trading 6.9% Higher - Should You Buy?

Lumina Gold logo with Basic Materials background

Lumina Gold Corp. (CVE:LUM - Get Free Report) traded up 6.9% during trading on Tuesday . The company traded as high as C$1.00 and last traded at C$0.93. 1,332,253 shares changed hands during mid-day trading, an increase of 400% from the average session volume of 266,400 shares. The stock had previously closed at C$0.87.

Wall Street Analyst Weigh In

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

Read Our Latest Research Report on LUM

Lumina Gold Stock Down 3.2 %

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 business has a 50 day simple moving average of C$0.65 and a 200-day simple moving average of C$0.56. The firm has a market capitalization of C$264.32 million, a price-to-earnings ratio of -6.21 and a beta of 1.47.

About Lumina Gold

(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.

Further Reading

Should You Invest $1,000 in Lumina Gold Right Now?

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