The stock of Lumina Gold Corp (CVE:LUM) reached all time low today, Nov, 25 and still has $0.65 target or 7.00% below today’s $0.70 share price. This indicates more downside for the $144.11 million company. This technical setup was reported by Barchart.com. If the $0.65 PT is reached, the company will be worth $10.09 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 82,319 shares traded hands or 78.83% up from the average. Lumina Gold Corp (CVE:LUM) has risen 6.00% since October 26, 2016 and is uptrending. It has outperformed by 0.59% 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 November 01, 2016, Marketwired.com published: “Lumina Gold Announces CDN $20 Million Private Placement of Common Shares” on November 23, 2016. More interesting news about Lumina Gold Corp (CVE:LUM) were released by: Juniorminingnetwork.com and their article: “Lumina Gold Awarded Additional Concessions in Ecuador” published on November 16, 2016 as well as Marketwired.com‘s news article titled: “Odin Mining and Exploration Ltd. Announces Results of AGM” with publication date: August 26, 2016.
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 $144.11 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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