Lumina Gold (CVE:LUM) Trading Up 28.9% – Should You Buy?

Shares of Lumina Gold Corp. (CVE:LUM) traded up 28.9% during trading 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 mid-day trading, an increase of 2,540% from the average session 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 Lumina Gold and gave the company an “outperform” rating in a report on Tuesday, April 1st.

Lumina Gold Stock Performance

The company has a debt-to-equity ratio of -0.05, a current ratio of 0.20 and a quick ratio of 0.17. The stock has a market cap of C$340.68 million, a PE ratio of -8.01 and a beta of 1.47. The firm has a 50 day moving average of C$0.66 and a two-hundred day moving average of C$0.56.

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.