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

Lumina Gold Corp. (CVE:LUM)’s stock price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as C$0.63 and last traded at C$0.62, with a volume of 119407 shares changing hands. The stock had previously closed at C$0.61.

Lumina Gold Stock Down 1.7 %

The company has a current ratio of 0.25, a quick ratio of 0.17 and a debt-to-equity ratio of 1.96. The stock has a market capitalization of C$245.45 million, a PE ratio of -8.43 and a beta of 1.47. The stock’s fifty day simple moving average is C$0.52 and its 200-day simple moving average is C$0.54.

Lumina Gold (CVE:LUM) last released its quarterly earnings results on Thursday, August 22nd. The company reported C($0.03) earnings per share for the quarter. As a group, sell-side analysts forecast that Lumina Gold Corp. will post -0.05 EPS for the current fiscal year.

Insider Activity

In related news, Senior Officer Scott Victor Andrew Hicks sold 125,000 shares of the stock in a transaction dated Thursday, September 26th. The shares were sold at an average price of C$0.55, for a total transaction of C$68,662.50. In related news, Senior Officer Scott Victor Andrew Hicks sold 125,000 shares of the company’s stock in a transaction that occurred on Thursday, September 26th. The stock was sold at an average price of C$0.55, for a total value of C$68,662.50. Also, Director Lyle Braaten sold 143,000 shares of the firm’s stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of C$0.58, for a total value of C$82,940.00. Insiders sold a total of 416,500 shares of company stock valued at $235,923 in the last ninety days. 34.12% of the stock is currently owned by insiders.

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.