National Bank Financial Has Lowered Expectations for Luca Mining (CVE:LUCA) Stock Price

Luca Mining (CVE:LUCA) had its price objective reduced by research analysts at National Bank Financial from C$2.50 to C$2.40 in a research note issued to investors on Tuesday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. National Bank Financial’s price objective indicates a potential upside of 160.87% from the stock’s previous close.

Luca Mining Stock Down 7.1%

Shares of LUCA stock traded down C$0.07 on Tuesday, reaching C$0.92. 776,312 shares of the company’s stock traded hands, compared to its average volume of 660,721. The company has a market capitalization of C$253.21 million, a P/E ratio of -15.33 and a beta of 1.33. Luca Mining has a 12-month low of C$0.80 and a 12-month high of C$2.16. The company has a 50 day moving average of C$0.98.

Luca Mining (CVE:LUCA) last announced its quarterly earnings data on Tuesday, May 26th. The company reported C$0.04 EPS for the quarter. During the same period last year, the business earned $0.02 EPS.

Insider Activity

In related news, insider Luca Mining Corp. purchased 140,500 shares of the firm’s stock in a transaction that occurred on Wednesday, June 10th. The stock was acquired at an average cost of C$1.04 per share, for a total transaction of C$146,120.00. Following the completion of the acquisition, the insider owned 203,000 shares in the company, valued at C$211,120. This trade represents a 224.80% increase in their position.