Lincoln Gold Mining (CVE:LMG) Trading 23.1% Higher – Still a Buy?

Lincoln Gold Mining Inc. (CVE:LMG) shares shot up 23.1% during trading on Tuesday . The company traded as high as C$0.17 and last traded at C$0.16. 116,380 shares were traded during mid-day trading, an increase of 503% from the average session volume of 19,309 shares. The stock had previously closed at C$0.13.

Lincoln Gold Mining Stock Up 23.1 %

The stock has a 50-day simple moving average of C$0.15 and a two-hundred day simple moving average of C$0.20. The firm has a market cap of C$2.75 million, a PE ratio of 0.25 and a beta of 1.96.

Lincoln Gold Mining Company Profile

Lincoln Gold Mining Inc engages in the exploration and development of precious metals in the United States and Canada. It explores for gold, copper, nickel, and cobalt deposits. The company holds interests in the Pine Grove gold property with mining leases on the Wilson and Wheeler mines, and 243 unpatented claims located in the Pine Grove Hills, Lyon County, Nevada; and the Oro Cruz gold property that consists of 151 lode claims covering an area of approximately 3,000 acres located in Imperial County, California.