Lumina Gold (CVE:LUM) Stock Price Up 6.9% – Time to Buy?

Lumina Gold Corp. (CVE:LUM)’s stock price shot up 6.9% during mid-day trading on Tuesday . The stock traded as high as C$1.00 and last traded at C$0.93. 1,332,253 shares changed hands during trading, an increase of 400% from the average session volume of 266,400 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 company an “outperform” rating in a research report on Tuesday, April 1st.

Lumina Gold Stock Performance

The company has a debt-to-equity ratio of -0.05, a quick ratio of 0.17 and a current ratio of 0.20. The stock has a market cap of C$273.13 million, a PE ratio of -6.42 and a beta of 1.47. The firm has a fifty day moving average price of C$0.64 and a 200 day moving average price of C$0.56.

About Lumina Gold

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.