Luca Mining (CVE:LUCA) Trading Up 5.2% – Still a Buy?

Luca Mining Corp. (CVE:LUCA) shares traded up 5.2% on Thursday . The stock traded as high as C$1.04 and last traded at C$1.02. 797,997 shares were traded during mid-day trading, an increase of 32% from the average daily volume of 604,289 shares. The stock had previously closed at C$0.97.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on LUCA. National Bank Financial set a C$3.25 price target on shares of Luca Mining and gave the stock an “outperform” rating in a report on Wednesday, April 8th. Raymond James Financial set a C$3.50 price objective on Luca Mining and gave the company an “outperform” rating in a report on Thursday, April 9th. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Luca Mining currently has a consensus rating of “Buy” and a consensus target price of C$3.38.

Luca Mining Price Performance

The stock has a 50 day moving average of C$1.19. The company has a market cap of C$294.49 million, a P/E ratio of -17.83 and a beta of 1.34.

Luca Mining (CVE:LUCA) last issued its quarterly earnings results on Tuesday, May 26th. The company reported C$0.04 earnings per share (EPS) for the quarter. During the same quarter last year, the business posted $0.02 EPS.

Insider Buying and Selling at Luca Mining

In related news, insider Luca Mining Corp. acquired 140,500 shares of the company’s stock in a transaction dated Wednesday, June 10th. The shares were purchased at an average cost of C$1.04 per share, with a total value of C$146,120.00. Following the completion of the acquisition, the insider directly owned 203,000 shares of the company’s stock, valued at C$211,120. This represents a 224.80% increase in their ownership of the stock.