Lincoln Gold Mining (CVE:LMG) Shares Up 23.1% – Here’s Why

Lincoln Gold Mining Inc. (CVE:LMG)’s share price was up 23.1% on Tuesday . The stock traded as high as C$0.17 and last traded at C$0.16. Approximately 116,380 shares changed hands during trading, an increase of 503% from the average daily volume of 19,309 shares. The stock had previously closed at C$0.13.

Lincoln Gold Mining Trading Up 23.1 %

The company has a market cap of C$2.75 million, a price-to-earnings ratio of 0.25 and a beta of 1.96. The stock has a 50-day simple moving average of C$0.14 and a 200-day simple moving average of C$0.20.

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.