After Reaching 52-Week Low, Is Lumina Gold Corp’s Near-Term Analysis Negative?

 After Reaching 52 Week Low, Is Lumina Gold Corp's Near Term Analysis Negative?

The stock of Lumina Gold Corp (CVE:LUM) hit a new 52-week low and has $0.68 target or 12.00% below today’s $0.77 share price. The 8 months bearish chart indicates high risk for the $156.41M company. The 1-year low was reported on Nov, 14 by If the $0.68 price target is reached, the company will be worth $18.77 million less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. About 56,001 shares traded hands. Lumina Gold Corp (CVE:LUM) has risen 6.00% since October 15, 2016 and is uptrending. It has outperformed by 1.02% the S&P500.

More notable recent Lumina Gold Corp (CVE:LUM) news were published by: which released: “Lumina Completes Acquisition of Ecuador Gold and Copper Corp.” on November 01, 2016, also with their article: “Lumina Gold Corp.” published on October 31, 2016, published: “Odin Mining and Exploration Ltd. Announces Results of AGM” on August 26, 2016. More interesting news about Lumina Gold Corp (CVE:LUM) were released by: and their article: “Odin Announces Effective Date of EGX Acquisition and Name Change” published on October 31, 2016 as well as‘s news article titled: “Goldcorp to open Argentina’s Cerro Negro gold, silver mine in February” with publication date: November 20, 2014.

Lumina Gold Corp., formerly Odin Mining and Exploration Ltd., is a precious and base metals exploration and development company. The company has a market cap of $156.41 million. The Company, through its subsidiaries, is engaged in the acquisition and development of mineral resources in Ecuador. It currently has negative earnings. The Firm holds interest in over three separate mineral titles located near Machala in southwest Ecuador, known as the Cangrejos Concessions, and over two additional mineral titles through a mining right in the contiguous properties, known as Castro Concessions.

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