National Bank Financial Cuts Luca Mining (CVE:LUCA) Price Target to C$2.40

Luca Mining (CVE:LUCA) had its target price reduced by National Bank Financial from C$2.50 to C$2.40 in a research note released on Tuesday morning,BayStreet.CA reports. They currently have an outperform rating on the stock.

Luca Mining Price Performance

Shares of LUCA stock opened at C$1.06 on Tuesday. Luca Mining has a 12-month low of C$0.80 and a 12-month high of C$2.16. The stock’s fifty day moving average is C$0.97. The company has a market capitalization of C$291.74 million, a P/E ratio of -17.67 and a beta of 1.33.

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

Insider Buying and Selling at Luca Mining

In other news, insider Luca Mining Corp. acquired 140,500 shares of Luca Mining stock in a transaction dated Wednesday, June 10th. The stock was bought at an average cost 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 of the company’s stock, valued at approximately C$211,120. This represents a 224.80% increase in their ownership of the stock.