Lumina Gold (CVE:LUM) Trading 4.6% Higher – Time to Buy?

Shares of Lumina Gold Corp. (CVE:LUM) were up 4.6% during mid-day trading on Tuesday . The company traded as high as C$1.00 and last traded at C$0.91. Approximately 1,415,253 shares traded hands during mid-day trading, an increase of 428% from the average daily volume of 268,086 shares. The stock had previously closed at C$0.87.

Analyst Ratings Changes

Separately, Royal Bank of Canada set a C$1.50 price target on Lumina Gold and gave the stock an “outperform” rating in a research report on Tuesday, April 1st.

Lumina Gold Stock Up 1.1 %

The stock’s 50 day simple moving average is C$0.63 and its 200 day simple moving average is C$0.55. The stock has a market capitalization of C$258.44 million, a P/E ratio of -6.08 and a beta of 1.47. The company has a current ratio of 0.20, a quick ratio of 0.17 and a debt-to-equity ratio of -0.05.

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.