Lumina Gold (CVE:LUM) Trading Up 28.9% – What’s Next?

Lumina Gold Corp. (CVE:LUM)’s share price was up 28.9% during trading on Monday . The company traded as high as C$1.19 and last traded at C$1.16. Approximately 11,227,432 shares were traded during trading, an increase of 2,540% from the average daily 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 shares of Lumina Gold and gave the company an “outperform” rating in a research report on Tuesday, April 1st.

Lumina Gold Stock Up 28.9 %

The company has a market capitalization of C$340.68 million, a P/E ratio of -8.01 and a beta of 1.47. The company has a 50-day moving average of C$0.65 and a two-hundred day moving average of C$0.56. 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.