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

Lincoln Gold Mining Inc. (CVE:LMG) shares were up 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 mid-day 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 Stock Performance

The firm has a market capitalization of C$4.30 million, a P/E ratio of 0.38 and a beta of 1.96. The stock has a 50-day moving average of C$0.20 and a 200 day moving average of C$0.17.

Insider Transactions at Lincoln Gold Mining

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

About Lincoln Gold Mining

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.