Insider Buying: Luca Mining (CVE:LUCA) Insider Buys C$55,000.00 in Stock

Luca Mining Corp. (CVE:LUCA – Get Free Report) insider Adam Melnyk bought 50,000 shares of Luca Mining stock in a transaction dated Thursday, October 8th. The stock was purchased at an average price of C$1.10 per share, with a total value of C$55,000.00. Following the completion of the purchase, the insider owned 90,000 shares in the company, valued at C$99,000. This trade represents a 125.00% increase in their ownership of the stock.

Adam Melnyk also recently made the following trade(s):

  • On Thursday, October 8th, Adam Melnyk sold 46,500 shares of Luca Mining stock. The shares were sold at an average price of C$1.09, for a total transaction of C$50,685.00.

Luca Mining Stock Performance

CVE:LUCA traded down C$0.01 during trading hours on Thursday, hitting C$1.07. 1,040,529 shares of the company traded hands, compared to its average volume of 777,701. The business’s 50-day simple moving average is C$1.05. The firm has a market cap of C$294.49 million, a P/E ratio of -107.00 and a beta of 1.04. Luca Mining Corp. has a one year low of C$0.80 and a one year high of C$2.16.

Wall Street Analysts Forecast Growth

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

Read Our Latest Stock Report on LUCA

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