Lundin Gold (TSE:LUG) Hits New 12-Month High at $6.28

Lundin Gold Inc (TSE:LUG)’s stock price reached a new 52-week high during trading on Friday . The stock traded as high as C$6.28 and last traded at C$6.27, with a volume of 15247 shares traded. The stock had previously closed at C$5.81.

Separately, GMP Securities reiterated a “buy” rating and set a C$8.10 target price on shares of Lundin Gold in a research report on Friday, February 22nd.

The company has a debt-to-equity ratio of 63.28, a quick ratio of 1.45 and a current ratio of 2.05. The firm has a market capitalization of $1.25 billion and a PE ratio of -299.00.

In other Lundin Gold news, Director Ronald F. Hochstein sold 30,900 shares of the firm’s stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of C$5.45, for a total transaction of C$168,472.98. Following the completion of the transaction, the director now owns 21,600 shares in the company, valued at approximately C$117,767.52.

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Lundin Gold Company Profile (TSE:LUG)

Lundin Gold Inc operates as a mining company in Canada. The company holds interests in 30 mining concessions covering an area of approximately 64,406 hectares located in Southeast Ecuador. It primarily focuses on advancing the Fruta del Norte gold project that comprises 6 concessions covering an area of approximately 5,039 hectares located near the city of Loja in Ecuador.

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