Fundamental Research Reiterates “C$1.06” Price Target for Lumina Gold (CVE:LUM)

Lumina Gold (CVE:LUM) has been assigned a C$1.06 price objective by equities researchers at Fundamental Research in a research note issued to investors on Tuesday, BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. Fundamental Research’s price objective points to a potential upside of 96.30% from the company’s current price.

Shares of LUM traded up C$0.01 on Tuesday, hitting C$0.54. The company’s stock had a trading volume of 434,800 shares, compared to its average volume of 67,107. The company has a market capitalization of $167.15 million and a PE ratio of -9.82. Lumina Gold has a fifty-two week low of C$0.47 and a fifty-two week high of C$0.73. The company has a 50 day moving average price of C$0.55 and a 200 day moving average price of C$0.59. The company has a debt-to-equity ratio of 1.25, a current ratio of 4.23 and a quick ratio of 4.11.

Lumina Gold Company Profile

Lumina Gold Corp., an exploration stage company, engages in the acquisition, exploration, evaluation, and development of mineral properties in Ecuador. The company primarily explores for gold and copper deposits. Its principal projects include the Cangrejos project consisting of six mineral titles covering an area of 6,374 hectares located in El Oro Province, southwest Ecuador; and the Condor project, which consists of seven concessions covering approximately 8,269 hectares area located in the Zamora-Chinchipe Province in southeast Ecuador.

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