Lincoln Gold Mining (CVE:LMG) Trading 12.9% Higher – What’s Next?

Lincoln Gold Mining Inc. (CVE:LMG) rose 12.9% during trading on Wednesday . The company traded as high as C$0.36 and last traded at C$0.35. Approximately 1,016,000 shares were traded during trading, an increase of 1,646% from the average daily volume of 58,180 shares. The stock had previously closed at C$0.31.

Lincoln Gold Mining Price Performance

The firm has a market cap of C$8.35 million, a PE ratio of -4.25 and a beta of 1.66. The business’s fifty day moving average is C$0.29 and its 200-day moving average is C$0.25.

Lincoln Gold Mining Company Profile

Lincoln Gold Mining Inc engages in the exploration and development of precious metals in the United States and Canada. It explores for gold, copper, nickel, and cobalt deposits. The company holds interests in the Pine Grove gold property with mining leases on the Wilson and Wheeler mines, and 243 unpatented claims located in the Pine Grove Hills, Lyon County, Nevada; and the Oro Cruz gold property that consists of 151 lode claims covering an area of approximately 3,000 acres located in Imperial County, California.