Lundin Mining (OTC:LUNMF) Shares Down 3.8% – Here’s What Happened

Lundin Mining Corp. (OTC:LUNMF) shares were down 3.8% on Friday . The company traded as low as $8.29 and last traded at $8.32. Approximately 112,173 shares traded hands during mid-day trading, a decline of 63% from the average daily volume of 300,834 shares. The stock had previously closed at $8.65.

Wall Street Analyst Weigh In

Separately, Scotiabank cut shares of Lundin Mining from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 15th.

Lundin Mining Price Performance

The company has a debt-to-equity ratio of 0.28, a current ratio of 1.40 and a quick ratio of 0.96. The firm’s 50 day moving average price is $8.52. The company has a market capitalization of $7.20 billion, a PE ratio of -32.00, a P/E/G ratio of 0.81 and a beta of 1.52.

Lundin Mining Company Profile

LUNDIN MINING CORPORATION is a rapidly growing, diversified base metals mining company with operations in Portugal, Spain, Sweden and Ireland. The Company currently has six mines in operation producing copper, nickel, lead and zinc. In addition, Lundin Mining holds a development project pipeline which includes the world class Tenke Fungurume copper cobalt project in the Democratic Republic of Congo and the Ozernoe zinc project in Russia.