Martin Raymond Danziger Rip Sells 100,000 Shares of Lumina Gold Corp. (CVE:LUM) Stock

Lumina Gold Corp. (CVE:LUM) Senior Officer Martin Raymond Danziger Rip sold 100,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 11th. The stock was sold at an average price of C$0.56, for a total transaction of C$56,000.00.

Martin Raymond Danziger Rip also recently made the following trade(s):

• On Wednesday, May 1st, Martin Raymond Danziger Rip sold 25,000 shares of Lumina Gold stock. The stock was sold at an average price of C$0.56, for a total transaction of C$14,000.00.

Lumina Gold Stock Performance

CVE:LUM opened at C$0.56 on Friday. The firm has a fifty day simple moving average of C$0.57 and a two-hundred day simple moving average of C$0.50. Lumina Gold Corp. has a 12 month low of C$0.32 and a 12 month high of C$0.63. The stock has a market capitalization of C$232.97 million, a price-to-earnings ratio of -14.00 and a beta of 1.52. The company has a current ratio of 0.19, a quick ratio of 0.17 and a debt-to-equity ratio of 1.96.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. BMO Capital Markets set a C$0.75 price target on Lumina Gold and gave the stock an “outperform” rating in a report on Friday, May 10th. Raymond James raised their target price on Lumina Gold from C$1.00 to C$1.25 in a research note on Tuesday, April 23rd.

About Lumina Gold

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.