Lumina Gold (CVE:LUM) Trading 4.6% Higher - What's Next?

Shares of Lumina Gold Corp. (CVE:LUM - Get Free Report) rose 4.6% on Tuesday . The stock traded as high as C$1.00 and last traded at C$0.91. Approximately 1,415,253 shares changed hands during mid-day trading, an increase of 428% from the average daily volume of 268,086 shares. The stock had previously closed at C$0.87.

Analyst Upgrades and Downgrades

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

Lumina Gold Price Performance

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 company's 50 day moving average price is C$0.65 and its 200-day moving average price is C$0.56. The company has a market cap of C$264.32 million, a price-to-earnings ratio of -6.21 and a beta of 1.47.

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.