Lumina Gold (CVE:LUM) Trading 28.9% Higher - Should You Buy?

Lumina Gold Corp. (CVE:LUM - Get Free Report) shares rose 28.9% during trading on Monday . The company traded as high as C$1.19 and last traded at C$1.16. Approximately 11,227,432 shares changed hands during mid-day trading, an increase of 2,540% from the average daily volume of 425,334 shares. The stock had previously closed at C$0.90.

Analyst Upgrades and Downgrades

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

Lumina Gold Price Performance

The firm has a market cap of C$353.89 million, a price-to-earnings ratio of -8.32 and a beta of 1.47. 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 business's 50-day simple moving average is C$0.70 and its two-hundred day simple moving average is C$0.58.

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.