Lincoln Gold Mining (CVE:LMG) Stock Price Up 6.3% – Time to Buy?

Lincoln Gold Mining Inc. (CVE:LMG)’s share price shot up 6.3% during trading on Tuesday . The company traded as high as C$0.17 and last traded at C$0.17. 12,500 shares changed hands during mid-day trading, a decline of 43% from the average session volume of 22,054 shares. The stock had previously closed at C$0.16.

Lincoln Gold Mining Stock Performance

The company’s fifty day moving average price is C$0.16 and its 200 day moving average price is C$0.19. The firm has a market capitalization of C$2.92 million, a price-to-earnings ratio of 0.26 and a beta of 1.96.

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.