Lumina Gold (CVE:LUM) Trading 8% Higher - What's Next?

Lumina Gold Corp. (CVE:LUM - Get Free Report) shares were up 8% on Tuesday . The stock traded as high as C$1.00 and last traded at C$0.94. Approximately 1,171,153 shares changed hands during mid-day trading, an increase of 357% from the average daily volume of 256,506 shares. The stock had previously closed at C$0.87.

Wall Street Analysts Forecast Growth

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

Lumina Gold Price Performance

The company has a debt-to-equity ratio of -0.05, a current ratio of 0.20 and a quick ratio of 0.17. The company's 50-day moving average is C$0.65 and its 200-day moving average is C$0.56. The firm has a market capitalization of C$264.32 million, a price-to-earnings ratio of -6.21 and a beta of 1.47.

Lumina Gold Company Profile

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.