Lumina Gold (CVE:LUM) Stock Price Up 28.9% - Here's What Happened

Shares of Lumina Gold Corp. (CVE:LUM - Get Free Report) rose 28.9% on Monday . The company traded as high as C$1.19 and last traded at C$1.16. Approximately 11,227,432 shares traded hands during trading, an increase of 2,540% from the average daily volume of 425,334 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 price target 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 50-day moving average of C$0.70 and a 200-day moving average of C$0.58. The company has a debt-to-equity ratio of -0.05, a quick ratio of 0.17 and a current ratio of 0.20. The stock has a market cap 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.