Key Points
- Insider Daniel Barnholden bought 20,000 Luca Mining shares at an average price of C$1.09, investing C$21,800 and increasing his ownership by 0.60% to 3,356,500 shares.
- Luca Mining shares opened at C$1.10, with a market capitalization of approximately C$302.75 million and a 12-month trading range of C$0.80 to C$2.16.
- Analysts maintain a positive outlook, with an average rating of “Buy” and a consensus price target of C$2.95, despite National Bank Financial lowering its target from C$2.50 to C$2.40.
Luca Mining Corp. (CVE:LUCA - Get Free Report) insider Daniel Barnholden purchased 20,000 shares of the firm's stock in a transaction on Thursday, October 1st. The shares were purchased at an average cost of C$1.09 per share, for a total transaction of C$21,800.00. Following the completion of the purchase, the insider directly owned 3,356,500 shares in the company, valued at C$3,658,585. The trade was a 0.60% increase in their ownership of the stock.
Luca Mining Stock Performance
Shares of CVE LUCA opened at C$1.10 on Friday. The stock has a market capitalization of C$302.75 million, a P/E ratio of -110.00 and a beta of 1.21. Luca Mining Corp. has a 12 month low of C$0.80 and a 12 month high of C$2.16. The business's 50-day moving average price is C$1.03.
Analyst Ratings Changes
Separately, National Bank Financial decreased their target price on shares of Luca Mining from C$2.50 to C$2.40 and set an "outperform" rating on the stock in a research report on Tuesday, August 18th. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus target price of C$2.95.
View Our Latest Stock Report on Luca Mining
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