Lundin Mining Corporation (LUN:CA) Rises 5.3% for September 10

Equities Staff  |

September 10 was a positive day for Lundin Mining Corporation (LUN:CA) as its stock finished the day having gained 5.3% to hit a price of $6.96 a share. The company reached a market cap of 5.12 billion and has 735.64 million shares outstanding. Lundin Mining Corporation is a component of the the S&P/TSX Composite Index.

3.36 million shares changed hands over the course of the day as compared to an average volume of 2.03 million over the last 30 days for Lundin Mining Corporation.

Lundin Mining Corp is a diversified Canada-based metals mining company with operations in Chile, the United States, Portugal, and Sweden. The company primarily produces copper, nickel, and zinc, and to a lesser extent gold, lead, and silver. In addition, Lundin Mining holds a 24% equity stake in the Tenke Fungurume copper/cobalt mine in the Democratic Republic of Congo and in the Freeport Cobalt Oy business, which includes a cobalt refinery located in Kokkola, Finland. Copper sales are the group's largest source of revenue, generating roughly two thirds of group sales.. The company makes its home in Toronto, ON, and is currently under the leadership of CEO Marie Inkster.

Lundin Mining Corporation has hit a high of $7.96 and reached a low of $4.70 over its last year of trading. The stock’s 50-day SMA is now $6.49 and 200-day SMA is $6.31. As for its price valuations, the P/E ratio is at 36.8 and P/B is now 1.04.

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Launched in 1977, the S&P/TSX Composite Index is widely recognized as the benchmark gauge for the broader Canadian equity market. According to TMX, the index cover approximately 95% of the Canadian equities market and only Canadian-based companies listed on the Toronto Stock Exchange are eligible to be included in the index.

To get more information on Lundin Mining Corporation and to follow the company’s latest updates, you can visit the company’s profile page here: LUN:CA’s Profile. For more news on the financial markets and emerging growth companies, be sure to visit Equities.com’s Newsdesk. Also, don’t forget to sign-up for our daily email newsletter to ensure you don’t miss out on any of our best stories.

All data provided by QuoteMedia and was accurate as of 4:30PM ET.



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