Lincoln Gold Mining (CVE:LMG) Shares Up 3.2% – Here’s Why

Lincoln Gold Mining Inc. (CVE:LMG)’s stock price shot up 3.2% on Tuesday . The stock traded as high as C$0.33 and last traded at C$0.32. 36,000 shares were traded during trading, an increase of 41% from the average session volume of 25,474 shares. The stock had previously closed at C$0.31.

Lincoln Gold Mining Stock Performance

The stock has a market capitalization of C$7.85 million, a price-to-earnings ratio of -4.00 and a beta of 1.66. The firm has a fifty day moving average of C$0.29 and a 200-day moving average of C$0.25.

Lincoln Gold Mining Company Profile

Lincoln Gold Mining Inc engages in the exploration and development of precious metals in the United States and Canada. It explores for gold, copper, nickel, and cobalt deposits. The company holds interests in the Pine Grove gold property with mining leases on the Wilson and Wheeler mines, and 243 unpatented claims located in the Pine Grove Hills, Lyon County, Nevada; and the Oro Cruz gold property that consists of 151 lode claims covering an area of approximately 3,000 acres located in Imperial County, California.