Lumina Gold (CVE:LUM) Trading 28.9% Higher – Still a Buy?

Lumina Gold Corp. (CVE:LUM) shot up 28.9% during trading on Monday . The stock traded as high as C$1.19 and last traded at C$1.16. 11,227,432 shares traded hands during mid-day trading, an increase of 2,540% from the average session volume of 425,334 shares. The stock had previously closed at C$0.90.

Analyst Ratings Changes

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 Performance

The firm has a market cap of C$340.68 million, a P/E ratio of -8.01 and a beta of 1.47. 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 business’s 50-day simple moving average is C$0.66 and its 200 day simple moving average is C$0.56.

Lumina Gold Company Profile

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.