Could Luna Gold Corp Decline After Today’s Huge Increase?

 Could Luna Gold Corp Decline After Today's Huge Increase?

The stock of Luna Gold Corp (TSE:LGC) is a huge mover today! About 60,848 shares traded hands or 220.25% up from the average. Luna Gold Corp (TSE:LGC) has risen 116.67% since April 1, 2016 and is uptrending. It has outperformed by 114.71% the S&P500.
The move comes after 7 months positive chart setup for the $1.07 billion company. It was reported on Nov, 7 by Barchart.com. We have $3.97 PT which if reached, will make TSE:LGC worth $502.90M more.

More notable recent Luna Gold Corp (TSE:LGC) news were published by: Investingnews.com which released: “Luna Gold Corp. Announces Filing of NI 43-101 Technical Report” on October 03, 2016, also Marketwired.com with their article: “Luna Gold Corp Provides 2014 Guidance and Phase I Expansion Update” published on January 28, 2014, Marketwired.com published: “Luna Gold Announces Closing of Previously Announced Private Placement Financing” on August 29, 2016. More interesting news about Luna Gold Corp (TSE:LGC) were released by: Marketwired.com and their article: “Luna Gold Announces Increase in Previously Announced Private Placement Financing” published on August 16, 2016 as well as Marketwired.com‘s news article titled: “Luna Gold Announces the Retirement of John Blake and the Appointment of Geoff …” with publication date: March 24, 2014.

Luna Gold Corp. is engaged in the exploration, development and operation of gold properties in Brazil. The company has a market cap of $1.07 billion. The Company’s properties and mining activities are located in the state of Maranhao in Brazil. It currently has negative earnings. The Firm is involved in the exploration and redevelopment of its Aurizona gold mine .

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