Lumina Gold (CVE:LUM) Stock Price Down 2% – Here’s Why

Lumina Gold Corp. (CVE:LUM) shares were down 2% on Tuesday . The stock traded as low as C$0.48 and last traded at C$0.49. Approximately 74,428 shares traded hands during trading, a decline of 28% from the average daily volume of 102,925 shares. The stock had previously closed at C$0.50.

Lumina Gold Price Performance

The company’s 50-day simple moving average is C$0.53 and its 200 day simple moving average is C$0.53. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.17 and a current ratio of 0.25. The company has a market cap of C$201.77 million, a PE ratio of -6.93 and a beta of 1.47.

Lumina Gold (CVE:LUM) last issued its earnings results on Thursday, August 22nd. The company reported C($0.03) earnings per share for the quarter. On average, sell-side analysts predict that Lumina Gold Corp. will post -0.05 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Lumina Gold news, Senior Officer Scott Victor Andrew Hicks sold 125,000 shares of the stock in a transaction that occurred on Thursday, September 26th. The shares were sold at an average price of C$0.55, for a total value of C$68,662.50. In related news, Senior Officer Scott Victor Andrew Hicks sold 125,000 shares of Lumina Gold stock in a transaction on Thursday, September 26th. The shares were sold at an average price of C$0.55, for a total value of C$68,662.50. Also, Senior Officer Martin Raymond Danziger Rip sold 100,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 17th. The shares were sold at an average price of C$0.58, for a total value of C$58,000.00. Over the last quarter, insiders sold 416,500 shares of company stock worth $235,923. Corporate insiders own 34.12% of the company’s stock.

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.