Lundin Gold (TSE:LUG) Sets New 52-Week High at $6.28

Lundin Gold Inc (TSE:LUG) shares hit a new 52-week high on Friday . The stock traded as high as C$6.28 and last traded at C$6.27, with a volume of 15247 shares. The stock had previously closed at C$5.81.

Separately, GMP Securities restated a “buy” rating and set a C$8.10 target price on shares of Lundin Gold in a report on Friday, February 22nd.

The firm has a market capitalization of $1.25 billion and a price-to-earnings ratio of -290.50. The company has a quick ratio of 1.45, a current ratio of 2.05 and a debt-to-equity ratio of 63.28.

In related news, Director Ronald F. Hochstein sold 30,900 shares of the company’s stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of C$5.45, for a total value of C$168,472.98. Following the transaction, the director now directly owns 21,600 shares in the company, valued at C$117,767.52.

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About Lundin Gold (TSE:LUG)

Lundin Gold Inc operates as a mining company in Canada. The company holds interests in 30 mining concessions covering an area of approximately 64,406 hectares located in Southeast Ecuador. It primarily focuses on advancing the Fruta del Norte gold project that comprises 6 concessions covering an area of approximately 5,039 hectares located near the city of Loja in Ecuador.

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