Luca Mining (CVE:LUCA) Shares Up 1.8% – Time to Buy?

Luca Mining Corp. (CVE:LUCA)’s share price traded up 1.8% during trading on Wednesday . The company traded as high as C$1.16 and last traded at C$1.13. 2,110,134 shares traded hands during trading, an increase of 204% from the average session volume of 693,321 shares. The stock had previously closed at C$1.11.

Wall Street Analysts Forecast Growth

Separately, National Bank Financial lowered their price target on Luca Mining from C$2.50 to C$2.40 and set an “outperform” rating on the stock in a research note on Tuesday, August 18th. Two analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of C$2.95.

Luca Mining Stock Performance

The firm has a fifty day simple moving average of C$0.99. The firm has a market capitalization of C$297.24 million, a price-to-earnings ratio of -108.00 and a beta of 1.21.