Lumina Gold (CVE:LUM) Shares Up 6.9% - Here's Why

Lumina Gold Corp. (CVE:LUM - Get Free Report) traded up 6.9% during trading on Tuesday . The company traded as high as C$1.00 and last traded at C$0.93. 1,332,253 shares traded hands during trading, an increase of 400% from the average session volume of 266,400 shares. The stock had previously closed at C$0.87.

Analyst Ratings Changes

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

Lumina Gold Trading Down 3.2 %

The stock has a market cap of C$264.32 million, a P/E ratio of -6.21 and a beta of 1.47. The firm's 50 day moving average price is C$0.65 and its 200-day moving average price is C$0.56. 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.