Luca Mining (CVE:LUCA) Stock: Insider Adam Melnyk Purchases 50,000 Shares

Luca Mining Corp. (CVE:LUCA) insider Adam Melnyk bought 50,000 shares of the business’s stock in a transaction that occurred on Thursday, October 8th. The stock was purchased at an average price of C$1.10 per share, with a total value of C$55,000.00. Following the completion of the purchase, the insider directly owned 90,000 shares in the company, valued at C$99,000. The trade was a 125.00% increase in their position.

Adam Melnyk also recently made the following trade(s):

• On Thursday, October 8th, Adam Melnyk sold 46,500 shares of Luca Mining stock. The shares were sold at an average price of C$1.09, for a total value of C$50,685.00.

Luca Mining Trading Down 0.9%

Luca Mining stock traded down C$0.01 during trading hours on Thursday, hitting C$1.07. The company had a trading volume of 1,040,529 shares, compared to its average volume of 777,701. The stock has a market capitalization of C$294.49 million, a price-to-earnings ratio of -107.00 and a beta of 1.04. The business’s 50-day moving average is C$1.05. Luca Mining Corp. has a one year low of C$0.80 and a one year high of C$2.16.

Wall Street Analysts Forecast Growth

Separately, National Bank Financial cut their target price on Luca Mining from C$2.50 to C$2.40 and set an “outperform” rating for the company in a research report on Tuesday, August 18th. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of C$2.95.