Luca Mining (CVE:LUCA) Trading Up 5.2% – Here’s Why

Luca Mining Corp. (CVE:LUCA) rose 5.2% during trading on Thursday . The stock traded as high as C$1.04 and last traded at C$1.02. 797,997 shares changed hands during trading, an increase of 32% from the average session volume of 604,289 shares. The stock had previously closed at C$0.97.

Analyst Ratings Changes

LUCA has been the subject of several recent analyst reports. National Bank Financial set a C$3.25 target price on shares of Luca Mining and gave the company an “outperform” rating in a research note on Wednesday, April 8th. Raymond James Financial set a C$3.50 price target on Luca Mining and gave the stock an “outperform” rating in a research report on Thursday, April 9th. Two research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of C$3.38.

Luca Mining Stock Up 5.2%

The business’s 50 day moving average price is C$1.20. The firm has a market cap of C$280.73 million, a P/E ratio of -17.00 and a beta of 1.34.

Luca Mining (CVE:LUCA) last issued its quarterly earnings results on Tuesday, May 26th. The company reported C$0.04 earnings per share for the quarter. During the same period last year, the company posted $0.02 earnings per share.

Insider Activity at Luca Mining

In related news, insider Luca Mining Corp. acquired 140,500 shares of the firm’s stock in a transaction that occurred on Wednesday, June 10th. The stock was purchased at an average cost of C$1.04 per share, with a total value of C$146,120.00. Following the transaction, the insider directly owned 203,000 shares of the company’s stock, valued at C$211,120. This trade represents a 224.80% increase in their position.