Luca Mining (CVE:LUCA) Insider Israel Fernando Munoz Abrego Acquires 30,000 Shares of Stock

Luca Mining Corp. (CVE:LUCA) insider Israel Fernando Munoz Abrego acquired 30,000 shares of the business’s stock in a transaction that occurred on Friday, October 16th. The shares were purchased at an average cost of C$1.17 per share, for a total transaction of C$35,100.00. Following the acquisition, the insider owned 76,500 shares in the company, valued at C$89,505. This represents a 64.52% increase in their ownership of the stock.

Luca Mining Stock Up 2.6%

LUCA stock traded up C$0.03 during midday trading on Friday, reaching C$1.18. 1,187,736 shares of the stock were exchanged, compared to its average volume of 798,212. The company has a market cap of C$324.76 million, a PE ratio of -118.00 and a beta of 1.04. Luca Mining Corp. has a 52 week low of C$0.80 and a 52 week high of C$2.16. The firm has a fifty day moving average of C$1.09.

Analyst Ratings Changes

Several research firms have recently weighed in on LUCA. Stifel Nicolaus reduced their price target on Luca Mining from C$3.25 to C$2.75 and set a “buy” rating on the stock in a report on Thursday. National Bank Financial cut their target price on shares of Luca Mining from C$2.50 to C$2.40 and set an “outperform” rating on the stock in a research report on Tuesday, August 18th. Three equities research analysts have rated the stock with a Buy rating. According to data from MarketBeat, Luca Mining presently has a consensus rating of “Buy” and an average price target of C$2.88.