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

Lumina Gold Corp. (CVE:LUM - Get Free Report) traded up 28.9% during trading on Monday . The company traded as high as C$1.19 and last traded at C$1.16. 11,227,432 shares changed hands during 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 report on Tuesday, April 1st.

Lumina Gold Price Performance

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 has a market capitalization of C$355.36 million, a price-to-earnings ratio of -8.35 and a beta of 1.47. The firm has a 50 day moving average price of C$0.71 and a two-hundred day moving average price of 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.