Lundin Gold (OTCMKTS:LUGDF) Trading Up 0.9% – Here’s What Happened

Lundin Gold Inc. (OTCMKTS:LUGDF)’s share price traded up 0.9% during mid-day trading on Wednesday . The stock traded as high as C$53.01 and last traded at C$52.69. 48,953 shares changed hands during mid-day trading, a decline of 26% from the average session volume of 66,371 shares. The stock had previously closed at C$52.23.

Wall Street Analysts Forecast Growth

Separately, National Bankshares downgraded shares of Lundin Gold from an “outperform” rating to a “sector perform” rating in a research note on Tuesday, June 24th.

Lundin Gold Stock Up 0.9%

The business has a fifty day moving average of C$47.19 and a 200-day moving average of C$34.48.

Lundin Gold Cuts Dividend

The company also recently announced a dividend, which was paid on Wednesday, June 25th. Shareholders of record on Wednesday, June 11th were given a dividend of $0.2996 per share. This represents a yield of 2.4%. The ex-dividend date of this dividend was Tuesday, June 10th.

Lundin Gold Company Profile

Lundin Gold Inc operates as a mining company in Canada. The company holds interests in 28 metallic mineral concessions and three construction material concessions covering an area of approximately 64,454 hectares located in Southeast Ecuador. It primary holds 100% interests in the Fruta del Norte gold project that comprising seven concessions covering an area of approximately 5,566 hectares located near the city of Loja in Ecuador.