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

Lumina Gold Corp. (CVE:LUM) shot up 28.9% on Monday . The company traded as high as C$1.19 and last traded at C$1.16. 6,390,228 shares traded hands during trading, an increase of 1,675% from the average session volume of 359,991 shares. The stock had previously closed at C$0.90.

Analyst Upgrades and Downgrades

Separately, Royal Bank of Canada set a C$1.50 target price on shares of 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 fifty day moving average price of C$0.65 and a two-hundred day moving average price of C$0.56. The firm has a market cap of C$339.21 million, a price-to-earnings ratio of -7.97 and a beta of 1.47. The company has a debt-to-equity ratio of -0.05, a current ratio of 0.20 and a quick ratio of 0.17.

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.