Lundin Mining (OTC:LUNMF) Trading Down 3.8% – Time to Sell?

Lundin Mining Corp. (OTC:LUNMF) traded down 3.8% during trading on Friday . The stock traded as low as $8.29 and last traded at $8.32. 112,173 shares traded hands during mid-day trading, a decline of 63% from the average session volume of 300,834 shares. The stock had previously closed at $8.65.

Wall Street Analysts Forecast Growth

Separately, Scotiabank lowered Lundin Mining from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 15th.

Lundin Mining Stock Performance

The stock has a 50-day simple moving average of $8.52. The company has a quick ratio of 0.96, a current ratio of 1.40 and a debt-to-equity ratio of 0.28. The company has a market cap of $7.20 billion, a P/E ratio of -32.00, a price-to-earnings-growth ratio of 0.81 and a beta of 1.52.

Lundin Mining Company Profile

LUNDIN MINING CORPORATION is a rapidly growing, diversified base metals mining company with operations in Portugal, Spain, Sweden and Ireland. The Company currently has six mines in operation producing copper, nickel, lead and zinc. In addition, Lundin Mining holds a development project pipeline which includes the world class Tenke Fungurume copper cobalt project in the Democratic Republic of Congo and the Ozernoe zinc project in Russia.