The stock of Lumina Gold Corp (CVE:LUM) reached all time low today, Nov, 14 and still has $0.66 target or 14.00% below today’s $0.77 share price. This indicates more downside for the $156.41M company. This technical setup was reported by Barchart.com. If the $0.66 PT is reached, the company will be worth $21.90 million less.
Trading stocks at an all time low is not easy. Stock at an all time low usually experience even more downside due to very negative fundament. Even thought the pullback rate is high, shorting is not an easy job because the risk of being wrong is big and the risk-reward ratio is always worse than if trading lon only. 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: Marketwired.com which released: “Lumina Completes Acquisition of Ecuador Gold and Copper Corp.” on November 01, 2016, also Marketwatch.com with their article: “Lumina Gold Corp.” published on October 31, 2016, Marketwired.com 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: Finance.Yahoo.com and their article: “Odin Announces Effective Date of EGX Acquisition and Name Change” published on October 31, 2016 as well as Mining.com‘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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