Lumina Gold (CVE:LUM) Trading 8% Higher – Should You Buy?

Shares of Lumina Gold Corp. (CVE:LUM) were up 8% during trading on Tuesday . The stock traded as high as C$1.00 and last traded at C$0.94. Approximately 1,171,153 shares traded hands during mid-day trading, an increase of 357% from the average daily volume of 256,506 shares. The stock had previously closed at C$0.87.

Analysts Set New Price Targets

Separately, Royal Bank of Canada set a C$1.50 price objective on Lumina Gold and gave the stock an “outperform” rating in a research report on Tuesday, April 1st.

Lumina Gold Stock Up 3.4 %

The firm has a market cap of C$264.32 million, a PE ratio of -6.21 and a beta of 1.47. 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 firm’s 50 day moving average is C$0.63 and its 200-day moving average is C$0.55.

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.