Lumina Gold (CVE:LUM) Trading Up 27.8% – Here’s Why

Lumina Gold Corp. (CVE:LUM) shares rose 27.8% during trading on Monday . The stock traded as high as C$1.19 and last traded at C$1.15. Approximately 9,595,178 shares were traded during mid-day trading, an increase of 2,315% from the average daily volume of 397,331 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 note on Tuesday, April 1st.

Lumina Gold Stock Up 28.9 %

The firm has a market cap of C$340.68 million, a price-to-earnings ratio of -8.01 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. The firm has a 50 day moving average price of C$0.65 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.