Lumina Gold (CVE:LUM) Shares Up 27.8% - Here's What Happened

Lumina Gold Corp. (CVE:LUM - Get Free Report)'s stock price was up 27.8% during mid-day trading on Monday . The company traded as high as C$1.19 and last traded at C$1.15. Approximately 9,595,178 shares changed hands during mid-day trading, an increase of 2,315% from the average daily volume of 397,331 shares. The stock had previously closed at C$0.90.

Analysts Set New Price Targets

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 note on Tuesday, April 1st.

Lumina Gold Stock Performance

The company has a debt-to-equity ratio of -0.05, a current ratio of 0.20 and a quick ratio of 0.17. The stock has a market cap of C$355.36 million, a P/E ratio of -8.35 and a beta of 1.47. The stock has a 50-day simple moving average of C$0.70 and a 200-day simple moving average of C$0.58.

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.