Lumina Gold (CVE:LUM) Shares Up 28.9% – Should You Buy?

Lumina Gold Corp. (CVE:LUM)’s stock price was up 28.9% on Monday . The company traded as high as C$1.19 and last traded at C$1.16. Approximately 8,358,384 shares changed hands during trading, an increase of 2,088% from the average daily volume of 381,959 shares. The stock had previously closed at C$0.90.

Wall Street Analysts Forecast Growth

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

Lumina Gold Stock Up 28.9 %

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 has a 50-day moving average price of C$0.65 and a 200 day moving average price of C$0.56. The firm has a market capitalization of C$340.68 million, a PE ratio of -8.01 and a beta of 1.47.

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.