Lumina Gold (CVE:LUM) Sets New 52-Week High – Time to Buy?

Shares of Lumina Gold Corp. (CVE:LUM) hit a new 52-week high on Monday . The stock traded as high as C$1.26 and last traded at C$1.26, with a volume of 589982 shares trading hands. The stock had previously closed at C$1.25.

Wall Street Analysts Forecast Growth

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

Lumina Gold Stock Up 0.8%

The company has a market capitalization of C$370.04 million, a price-to-earnings ratio of -8.70 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 firm’s 50 day simple moving average is C$1.13 and its 200-day simple moving average is C$0.75.

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.