Shares of Luca Mining Corp. (CVE:LUCA – Get Free Report) were up 1% on Friday. The company traded as high as C$1.02 and last traded at C$1.02. Approximately 222,912 shares were traded during trading, a decline of 73% from the average daily volume of 816,848 shares. The stock had previously closed at C$1.01.
Wall Street Analyst Weigh In
Several equities analysts have recently issued reports on LUCA shares. National Bank Financial cut 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. Stifel Nicolaus dropped their price objective on Luca Mining from C$3.25 to C$2.75 and set a “buy” rating for the company in a report on Thursday, October 15th. Three analysts have rated the stock with a Buy rating. According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of C$2.88.
Read Our Latest Stock Analysis on LUCA
Luca Mining Stock Performance
The firm has a market capitalization of C$280.73 million, a price-to-earnings ratio of -102.00 and a beta of 0.72. The business’s 50-day moving average is C$1.09 and its two-hundred day moving average is C$1.12.
Insider Activity at Luca Mining
In other news, insider Israel Fernando Munoz Abrego bought 30,000 shares of the business’s stock in a transaction on Friday, October 16th. The shares were bought at an average cost of C$1.17 per share, for a total transaction of C$35,100.00. Following the completion of the acquisition, the insider owned 76,500 shares in the company, valued at approximately C$89,505. This trade represents a 64.52% increase in their position. Also, insider Adam Melnyk sold 46,500 shares of the stock in a transaction on Thursday, October 8th. The stock was sold at an average price of C$1.09, for a total transaction of C$50,685.00. Following the completion of the sale, the insider owned 40,000 shares in the company, valued at approximately C$43,600. This trade represents a 53.76% decrease in their ownership of the stock. Insiders acquired 100,000 shares of company stock valued at $111,900 in the last ninety days.
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