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Lumina Gold (CVE:LUM) Trading 28.9% Higher - Still a Buy?

Lumina Gold logo with Basic Materials background

Lumina Gold Corp. (CVE:LUM - Get Free Report)'s share price traded 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. 8,358,384 shares were traded during mid-day trading, an increase of 2,088% from the average session volume of 381,959 shares. The stock had previously closed at C$0.90.

Analyst Ratings Changes

Separately, Royal Bank of Canada set a C$1.50 price objective on shares of Lumina Gold and gave the company an "outperform" rating in a report on Tuesday, April 1st.

Get Our Latest Report on LUM

Lumina Gold Stock Performance

The company has a current ratio of 0.20, a quick ratio of 0.17 and a debt-to-equity ratio of -0.05. The firm has a market cap of C$355.36 million, a PE ratio of -8.35 and a beta of 1.47. The business has a fifty day moving average price of C$0.70 and a 200 day moving average price of C$0.58.

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.

Further Reading

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