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

Lumina Gold Corp. (CVE:LUM - Get Free Report)'s share price traded up 28.9% during mid-day trading on Tuesday . The stock traded as high as C$1.19 and last traded at C$1.16. 11,227,432 shares traded hands during trading, an increase of 2,540% from the average session 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 objective on shares of Lumina Gold and gave the stock an "outperform" rating in a report on Tuesday, April 1st.

Lumina Gold Price Performance

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 firm has a market cap of C$355.36 million, a P/E ratio of -8.35 and a beta of 1.47. The firm's 50 day moving average is C$0.71 and its two-hundred day 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.