Lumina Gold (CVE:LUM) Trading 4.6% Higher – What’s Next?

Lumina Gold Corp. (CVE:LUM) rose 4.6% during mid-day trading on Tuesday . The stock traded as high as C$1.00 and last traded at C$0.91. Approximately 1,415,253 shares were traded during mid-day trading, an increase of 428% from the average daily volume of 268,086 shares. The stock had previously closed at C$0.87.

Analyst Upgrades and Downgrades

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 Down 3.2 %

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 business’s fifty day moving average price is C$0.64 and its two-hundred day moving average price is C$0.56. The stock has a market capitalization of C$264.32 million, a PE ratio of -6.21 and a beta of 1.47.

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.