Key Points
- Insider purchase: Israel Fernando Munoz Abrego bought 30,000 Luca Mining shares at C$1.17 each, investing C$35,100 and increasing his direct ownership by 64.52% to 76,500 shares.
- Stock performance: Luca Mining shares rose 2.6% to C$1.18 in midday trading, with volume of about 1.19 million shares versus an average of 798,212.
- Analyst outlook: Three analysts rate the stock a Buy, with an average price target of C$2.88, although National Bank Financial and Stifel Nicolaus recently reduced their individual targets.
Luca Mining Corp. (CVE:LUCA - Get Free Report) insider Israel Fernando Munoz Abrego acquired 30,000 shares of the stock in a transaction dated Friday, October 16th. The shares were bought at an average price of C$1.17 per share, with a total value of C$35,100.00. Following the completion of the transaction, the insider directly owned 76,500 shares of the company's stock, valued at C$89,505. The trade was a 64.52% increase in their ownership of the stock.
Luca Mining Trading Up 2.6%
Shares of Luca Mining stock traded up C$0.03 during midday trading on Friday, reaching C$1.18. The company had a trading volume of 1,187,736 shares, compared to its average volume of 798,212. The stock's fifty day moving average is C$1.09. The stock has a market capitalization of C$324.76 million, a price-to-earnings ratio of -118.00 and a beta of 1.04. Luca Mining Corp. has a fifty-two week low of C$0.80 and a fifty-two week high of C$2.16.
Wall Street Analysts Forecast Growth
LUCA has been the subject of several analyst reports. National Bank Financial lowered their price target on shares of Luca Mining from C$2.50 to C$2.40 and set an "outperform" rating for the company in a report on Tuesday, August 18th. Stifel Nicolaus dropped their price target on shares of Luca Mining from C$3.25 to C$2.75 and set a "buy" rating on the stock in a research report on Thursday. Three analysts have rated the stock with a Buy rating. According to MarketBeat, Luca Mining has an average rating of "Buy" and an average target price of C$2.88.
Check Out Our Latest Research Report on Luca Mining
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