Lumina Gold (CVE:LUM) Shares Up 1.9%

Lumina Gold Corp. (CVE:LUM) shares rose 1.9% during mid-day trading on Tuesday . The stock traded as high as C$0.53 and last traded at C$0.53. Approximately 52,700 shares traded hands during mid-day trading, a decline of 43% from the average daily volume of 92,588 shares. The stock had previously closed at C$0.52.

Analyst Upgrades and Downgrades

LUM has been the subject of several recent research reports. Raymond James boosted their price target on Lumina Gold from C$1.00 to C$1.25 in a research note on Tuesday, April 23rd. BMO Capital Markets set a C$0.75 price objective on Lumina Gold and gave the company an “outperform” rating in a report on Friday, May 10th.

Lumina Gold Price Performance

The stock has a market capitalization of C$216.33 million, a price-to-earnings ratio of -13.00 and a beta of 1.52. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.17 and a current ratio of 0.19. The company has a fifty day simple moving average of C$0.56 and a two-hundred day simple moving average of C$0.52.

Lumina Gold (CVE:LUM) last posted its quarterly earnings results on Monday, April 29th. The company reported C($0.03) EPS for the quarter. As a group, equities research analysts expect that Lumina Gold Corp. will post -0.05 earnings per share for the current fiscal year.

Insider Transactions at Lumina Gold

In other news, Senior Officer Martin Raymond Danziger Rip sold 100,000 shares of the business’s stock in a transaction on Tuesday, June 11th. The stock was sold at an average price of C$0.56, for a total transaction of C$56,000.00. In the last quarter, insiders sold 141,000 shares of company stock valued at $79,141. Corporate insiders own 34.03% of the company’s stock.

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.