Lumina Gold (CVE:LUM) Trading 28.9% Higher - Still a Buy?

Lumina Gold Corp. (CVE:LUM - Get Free Report)'s stock price rose 28.9% during mid-day trading on Tuesday . The stock traded as high as C$1.19 and last traded at C$1.16. Approximately 11,227,432 shares changed hands during mid-day trading, an increase of 2,540% from the average daily volume of 425,334 shares. The stock had previously closed at C$0.90.

Analyst Upgrades and Downgrades

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

Lumina Gold Stock Performance

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

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.