Luca Mining (CVE:LUCA) Price Target Lowered to C$2.40 at National Bank Financial

Luca Mining (CVE:LUCA) had its target price cut by investment analysts at National Bank Financial from C$2.50 to C$2.40 in a report released on Tuesday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. National Bank Financial’s price objective would suggest a potential upside of 160.87% from the company’s previous close.

Luca Mining Stock Performance

Shares of CVE LUCA traded down C$0.07 during trading on Tuesday, hitting C$0.92. The company had a trading volume of 776,312 shares, compared to its average volume of 660,721. Luca Mining has a 52 week low of C$0.80 and a 52 week high of C$2.16. The firm has a 50-day moving average of C$0.98. The company has a market cap of C$253.21 million, a P/E ratio of -15.33 and a beta of 1.33.

Luca Mining (CVE:LUCA) last released its quarterly earnings data on Tuesday, May 26th. The company reported C$0.04 earnings per share for the quarter. During the same period in the prior year, the business earned $0.02 EPS.

Insider Transactions at Luca Mining

In other news, insider Luca Mining Corp. acquired 140,500 shares of Luca Mining stock in a transaction on Wednesday, June 10th. The stock was bought at an average cost of C$1.04 per share, with a total value of C$146,120.00. Following the completion of the purchase, the insider owned 203,000 shares of the company’s stock, valued at C$211,120. This represents a 224.80% increase in their ownership of the stock.