Lumina Gold (CVE:LUM) Trading Up 27.8% - What's Next?

Lumina Gold Corp. (CVE:LUM - Get Free Report) shares traded up 27.8% on Monday . The company traded as high as C$1.19 and last traded at C$1.15. 9,595,178 shares traded hands during mid-day trading, an increase of 2,315% from the average session volume of 397,331 shares. The stock had previously closed at C$0.90.

Wall Street Analysts Forecast Growth

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.

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 stock has a market cap of C$355.36 million, a price-to-earnings ratio of -8.35 and a beta of 1.47. The business's 50 day moving average is C$0.71 and its 200 day moving average is 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.