Lincoln Gold Mining (CVE:LMG) Trading 28.2% Higher – Should You Buy?

Lincoln Gold Mining Inc. (CVE:LMG) shares traded up 28.2% during trading on Friday . The stock traded as high as C$0.34 and last traded at C$0.25. 119,598 shares were traded during mid-day trading, an increase of 117% from the average session 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 company has a fifty day moving average price of C$0.20 and a 200 day moving average price of C$0.17.

Insider Activity

In other Lincoln Gold Mining news, insider Ian Rogers bought 4,500,000 shares of the business’s stock in a transaction that occurred on Tuesday, July 15th. The shares were bought at an average cost of C$0.20 per share, with a total value of C$900,000.00. 0.35% of the stock is owned by insiders.

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.