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

Luca Mining Corp. (CVE:LUCA) shares 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 were traded during trading, a decline of 16% from the average session volume of 651,797 shares. The stock had previously closed at C$0.90.

Wall Street Analyst Weigh In

A number of research firms have commented on LUCA. 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. National Bank Financial set a C$3.25 price objective on Luca Mining and gave the stock an “outperform” rating in a research note on Wednesday, April 8th. Two research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of C$3.38.

Luca Mining Price Performance

The firm has a 50-day simple moving average of C$1.08. The stock has a market cap of C$239.45 million, a P/E ratio of -14.50 and a beta of 1.34.

Luca Mining (CVE:LUCA) last released its 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 earnings per share.

Insiders Place Their Bets

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