Lumina Gold (CVE:LUM) Trading 28.9% Higher – Here’s What Happened

Lumina Gold Corp. (CVE:LUM)’s share price shot up 28.9% during mid-day trading on Monday . The company traded as high as C$1.19 and last traded at C$1.16. 11,227,432 shares were traded during trading, an increase of 2,540% from the average session volume of 425,334 shares. The stock had previously closed at C$0.90.

Analyst Upgrades and Downgrades

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

Lumina Gold Stock Performance

The stock has a 50-day moving average price of C$0.65 and a 200 day moving average price of C$0.56. The company has a quick ratio of 0.17, a current ratio of 0.20 and a debt-to-equity ratio of -0.05. The firm has a market capitalization of C$340.68 million, a price-to-earnings ratio of -8.01 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.