Lumina Gold (CVE:LUM) Trading Up 6.9% – Should You Buy?

Shares of Lumina Gold Corp. (CVE:LUM) shot up 6.9% during mid-day trading on Tuesday . The stock traded as high as C$1.00 and last traded at C$0.93. 1,332,253 shares were traded during mid-day trading, an increase of 400% from the average session volume of 266,400 shares. The stock had previously closed at C$0.87.

Wall Street Analyst Weigh In

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

Lumina Gold Trading Up 8.1 %

The company has a debt-to-equity ratio of -0.05, a current ratio of 0.20 and a quick ratio of 0.17. The company’s fifty day simple moving average is C$0.64 and its 200-day simple moving average is C$0.56. The firm has a market capitalization of C$273.13 million, a PE ratio of -6.42 and a beta of 1.47.

About Lumina Gold

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.