Luca Mining (CVE:LUCA) Shares Down 3.3% – What’s Next?

Luca Mining Corp. (CVE:LUCA)’s stock price traded down 3.3% during trading on Friday . The stock traded as low as C$0.85 and last traded at C$0.87. Approximately 545,336 shares changed hands during mid-day trading, a decline of 16% from the average session volume of 651,797 shares. The stock had previously closed at C$0.90.

Analyst Ratings Changes

A number of analysts have weighed in on LUCA shares. National Bank Financial set a C$3.25 target price on shares of Luca Mining and gave the company an “outperform” rating in a research report on Wednesday, April 8th. Raymond James Financial set a C$3.50 price target on Luca Mining and gave the company an “outperform” rating in a research note on Thursday, April 9th. Two analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of C$3.38.

Luca Mining Price Performance

The stock has a market cap of C$239.45 million, a P/E ratio of -14.50 and a beta of 1.34. The company has a fifty day moving average price of C$1.08.

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

Insider Transactions at Luca Mining

In other Luca Mining news, insider Luca Mining Corp. purchased 140,500 shares of the company’s stock in a transaction dated Wednesday, June 10th. The stock was purchased at an average price of C$1.04 per share, with a total value of C$146,120.00. Following the completion of the purchase, the insider owned 203,000 shares of the company’s stock, valued at approximately C$211,120. The trade was a 224.80% increase in their ownership of the stock.