Luca Mining (CVE:LUCA) Trading Down 2% – Time to Sell?

Shares of Luca Mining Corp. (CVE:LUCA) were down 2% on Friday . The stock traded as low as C$0.96 and last traded at C$0.96. Approximately 730,578 shares changed hands during trading, an increase of 11% from the average daily volume of 659,331 shares. The stock had previously closed at C$0.98.

Luca Mining Price Performance

The company’s 50-day moving average price is C$0.98. The company has a market cap of C$264.22 million, a price-to-earnings ratio of -16.00 and a beta of 1.33.

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

Insiders Place Their Bets

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