Lumina Gold (CVE:LUM) Shares Up 4.6% - Should You Buy?

Lumina Gold Corp. (CVE:LUM - Get Free Report)'s stock price shot up 4.6% during trading on Tuesday . The stock traded as high as C$1.00 and last traded at C$0.91. 1,415,253 shares traded hands during trading, an increase of 428% from the average session volume of 268,086 shares. The stock had previously closed at C$0.87.

Wall Street Analyst Weigh In

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 Stock Down 3.2 %

The business's 50-day simple moving average is C$0.65 and its 200-day simple moving average is C$0.56. The company has a market capitalization of C$264.32 million, a PE ratio of -6.21 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.

Lumina Gold Company Profile

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.