Lumina Gold (CVE:LUM) Shares Up 27.8% - Time to Buy?

Lumina Gold Corp. (CVE:LUM - Get Free Report) traded up 27.8% during mid-day trading on Monday . The company traded as high as C$1.19 and last traded at C$1.15. 9,595,178 shares traded hands during trading, an increase of 2,315% from the average session volume of 397,331 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 objective on shares of Lumina Gold and gave the stock an "outperform" rating in a research note on Tuesday, April 1st.

Lumina Gold Price Performance

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 stock's 50-day moving average price is C$0.70 and its 200-day moving average price is C$0.58. The company has a market capitalization of C$355.36 million, a price-to-earnings ratio of -8.35 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.