Lumina Gold (CVE:LUM) Stock Price Up 28.9% – Time to Buy?

Lumina Gold Corp. (CVE:LUM) shares shot up 28.9% on Tuesday . The company traded as high as C$1.19 and last traded at C$1.16. 11,227,432 shares changed hands during trading, an increase of 2,540% from the average session volume of 425,334 shares. The stock had previously closed at C$0.90.

Wall Street Analyst Weigh In

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 report on Tuesday, April 1st.

Lumina Gold Stock Up 28.9 %

The firm has a 50 day simple moving average of C$0.66 and a two-hundred day simple 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. The stock has a market capitalization of C$340.68 million, a P/E ratio of -8.01 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.