Insider Buying: Luca Mining (CVE:LUCA) Insider Buys 30,000 Shares of Stock

Luca Mining Corp. (CVE:LUCA) insider Israel Fernando Munoz Abrego bought 30,000 shares of Luca Mining stock in a transaction on Friday, October 16th. The shares were purchased at an average price of C$1.17 per share, for a total transaction of C$35,100.00. Following the acquisition, the insider directly owned 76,500 shares in the company, valued at approximately C$89,505. This trade represents a 64.52% increase in their position.

Luca Mining Stock Up 0.9%

LUCA traded up C$0.01 during trading on Friday, reaching C$1.16. The stock had a trading volume of 989,145 shares, compared to its average volume of 795,471. The firm’s 50 day simple moving average is C$1.08. The company has a market capitalization of C$319.26 million, a P/E ratio of -116.00 and a beta of 1.04. Luca Mining Corp. has a one year low of C$0.80 and a one year high of C$2.16.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on LUCA. National Bank Financial dropped their price target on shares of 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 lowered their price target on Luca Mining from C$3.25 to C$2.75 and set a “buy” rating on the stock in a report on Thursday. Three research analysts have rated the stock with a Buy rating. Based on data from MarketBeat, Luca Mining presently has an average rating of “Buy” and a consensus target price of C$2.88.