Luca Mining (CVE:LUCA) Stock: Insider Israel Fernando Munoz Abrego Purchases 30,000 Shares

Luca Mining Corp. (CVE:LUCA) insider Israel Fernando Munoz Abrego acquired 30,000 shares of the firm’s stock in a transaction that occurred on Friday, October 16th. The stock was acquired at an average cost of C$1.17 per share, with a total value of C$35,100.00. Following the completion of the acquisition, the insider directly owned 76,500 shares in the company, valued at approximately C$89,505. This represents a 64.52% increase in their ownership of the stock.

Luca Mining Trading Up 2.6%

LUCA opened at C$1.18 on Friday. Luca Mining Corp. has a 12 month low of C$0.80 and a 12 month high of C$2.16. The firm has a market cap of C$324.76 million, a PE ratio of -118.00 and a beta of 1.04. The firm has a 50 day simple moving average of C$1.09.

Analysts Set New Price Targets

LUCA has been the subject of several recent analyst reports. Stifel Nicolaus decreased their price target on Luca Mining from C$3.25 to C$2.75 and set a “buy” rating for the company in a research note on Thursday. National Bank Financial lowered their price target on Luca Mining from C$2.50 to C$2.40 and set an “outperform” rating on the stock in a report on Tuesday, August 18th. Three analysts have rated the stock with a Buy rating. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of C$2.88.