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Lumina Gold (CVE:LUM) Sets New 12-Month High - Still a Buy?

Lumina Gold logo with Basic Materials background

Shares of Lumina Gold Corp. (CVE:LUM - Get Free Report) hit a new 52-week high on Tuesday . The company traded as high as C$0.63 and last traded at C$0.62, with a volume of 119407 shares traded. The stock had previously closed at C$0.61.

Lumina Gold Trading Down 1.6 %

The stock has a market capitalization of C$249.61 million, a P/E ratio of -8.57 and a beta of 1.47. The stock has a 50-day moving average price of C$0.52 and a two-hundred day moving average price of C$0.54. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.17 and a current ratio of 0.25.

Lumina Gold (CVE:LUM - Get Free Report) last issued its quarterly earnings data on Thursday, August 22nd. The company reported C($0.03) earnings per share for the quarter. On average, research analysts forecast that Lumina Gold Corp. will post -0.05 EPS for the current fiscal year.

Insider Transactions at Lumina Gold

In related news, Senior Officer Martin Raymond Danziger Rip sold 100,000 shares of Lumina Gold stock in a transaction that occurred on Thursday, October 17th. The stock was sold at an average price of C$0.58, for a total transaction of C$58,000.00. In other Lumina Gold news, Director Lyle Braaten sold 143,000 shares of the business's stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of C$0.58, for a total value of C$82,940.00. Also, Senior Officer Martin Raymond Danziger Rip sold 100,000 shares of the business's stock in a transaction on Thursday, October 17th. The stock was sold at an average price of C$0.58, for a total value of C$58,000.00. In the last three months, insiders have sold 416,500 shares of company stock worth $235,923. 34.12% of the stock is currently owned by insiders.

About Lumina Gold

(Get Free Report)

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.

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