Lumina Gold (CVE:LUM) Trading Up 27.8% - Should You Buy?

Shares of Lumina Gold Corp. (CVE:LUM - Get Free Report) were up 27.8% during mid-day trading on Monday . The stock traded as high as C$1.19 and last traded at C$1.15. Approximately 10,738,478 shares were traded during mid-day trading, an increase of 2,467% from the average daily volume of 418,328 shares. The stock had previously closed at C$0.90.

Wall Street Analysts Forecast Growth

Separately, Royal Bank of Canada set a C$1.50 target price 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 market cap of C$353.89 million, a P/E ratio of -8.32 and a beta of 1.47. The company'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 debt-to-equity ratio of -0.05, a current ratio of 0.20 and a quick ratio of 0.17.

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.