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

Lumina Gold Corp. (CVE:LUM)’s share price was 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. Approximately 6,390,228 shares traded hands during trading, an increase of 1,675% from the average daily volume of 359,991 shares. The stock had previously closed at C$0.90.

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 note on Tuesday, April 1st.

Lumina Gold Trading Up 28.3 %

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 cap of C$339.21 million, a price-to-earnings ratio of -7.97 and a beta of 1.47. The company has a 50-day moving average price of C$0.65 and a 200 day moving average price of C$0.56.

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.