Lincoln Gold Mining (CVE:LMG) Stock Price Up 28.2% – Here’s What Happened

Lincoln Gold Mining Inc. (CVE:LMG)’s share price rose 28.2% during trading on Friday . The stock traded as high as C$0.34 and last traded at C$0.25. Approximately 119,598 shares were traded during trading, an increase of 117% from the average daily volume of 55,231 shares. The stock had previously closed at C$0.20.

Lincoln Gold Mining Price Performance

The stock has a market cap of C$4.30 million, a PE ratio of 0.38 and a beta of 1.96. The firm has a 50 day moving average price of C$0.20 and a 200 day moving average price of C$0.17.

Insider Activity at Lincoln Gold Mining

In other news, insider Ian Rogers purchased 4,500,000 shares of the business’s stock in a transaction dated Tuesday, July 15th. The shares were purchased at an average price of C$0.20 per share, for a total transaction of C$900,000.00. Corporate insiders own 0.35% of the company’s stock.

Lincoln Gold Mining Company Profile

Lincoln Gold Mining Inc engages in the exploration and development of precious metals in the United States and Canada. It explores for gold, copper, nickel, and cobalt deposits. The company holds interests in the Pine Grove gold property with mining leases on the Wilson and Wheeler mines, and 243 unpatented claims located in the Pine Grove Hills, Lyon County, Nevada; and the Oro Cruz gold property that consists of 151 lode claims covering an area of approximately 3,000 acres located in Imperial County, California.