Luca Mining (CVE:LUCA) Stock: Insider Israel Fernando Munoz Abrego Buys 30,000 Shares

Luca Mining Corp. (CVE:LUCA) insider Israel Fernando Munoz Abrego purchased 30,000 shares of the firm’s stock in a transaction on Friday, October 16th. The stock was bought at an average price of C$1.17 per share, for a total transaction of C$35,100.00. Following the purchase, the insider owned 76,500 shares in the company, valued at approximately C$89,505. This represents a 64.52% increase in their ownership of the stock.

Luca Mining Trading Up 0.9%

Luca Mining stock traded up C$0.01 during midday trading on Friday, reaching C$1.16. 989,145 shares of the stock traded hands, compared to its average volume of 795,471. Luca Mining Corp. has a 12 month low of C$0.80 and a 12 month high of C$2.16. The business’s fifty day moving average price is C$1.08. The company has a market cap of C$319.26 million, a PE ratio of -116.00 and a beta of 1.04.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on LUCA. National Bank Financial lowered their price objective on Luca Mining from C$2.50 to C$2.40 and set an “outperform” rating for the company in a research note on Tuesday, August 18th. Stifel Nicolaus cut their target price on Luca Mining from C$3.25 to C$2.75 and set a “buy” rating on the stock in a research report on Thursday. Three research analysts have rated the stock with a Buy rating. Based on data from MarketBeat, Luca Mining currently has a consensus rating of “Buy” and a consensus target price of C$2.88.