Luca Mining (CVE:LUCA) Trading Down 3.3% – Should You Sell?

Luca Mining Corp. (CVE:LUCA)’s share price was down 3.3% on Friday . The stock traded as low as C$0.85 and last traded at C$0.87. 545,336 shares traded hands during mid-day trading, a decline of 16% from the average session volume of 651,797 shares. The stock had previously closed at C$0.90.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on LUCA shares. Raymond James Financial set a C$3.50 price target on Luca Mining and gave the company an “outperform” rating in a research report on Thursday, April 9th. National Bank Financial set a C$3.25 price objective on shares of Luca Mining and gave the stock an “outperform” rating in a research report on Wednesday, April 8th. Two analysts have rated the stock with a Buy rating, According to MarketBeat, Luca Mining currently has a consensus rating of “Buy” and a consensus target price of C$3.38.

Luca Mining Stock Down 3.3%

The firm has a 50-day moving average of C$1.08. The company has a market cap of C$239.45 million, a PE ratio of -14.50 and a beta of 1.34.

Luca Mining (CVE:LUCA) last announced its earnings results on Tuesday, May 26th. The company reported C$0.04 EPS for the quarter. During the same period last year, the firm posted $0.02 EPS.

Insider Activity

In related news, insider Luca Mining Corp. acquired 140,500 shares of Luca Mining stock in a transaction dated Wednesday, June 10th. The shares were acquired at an average cost of C$1.04 per share, for a total transaction of C$146,120.00. Following the completion of the transaction, the insider directly owned 203,000 shares of the company’s stock, valued at C$211,120. The trade was a 224.80% increase in their ownership of the stock.