Luna Gold (LGC.TO) and Google Finance

Luna Gold Corp, traded on the Toronto Stock Exchange (TSX) under the ticker symbol LGC.TO, was a Canadian gold mining company. While Luna Gold, in its original form, no longer exists, its historical data and market performance are still often searched for on platforms like Google Finance.

Luna Gold’s History

Luna Gold was primarily focused on the Aurizona Gold Mine, located in Maranhão State, Brazil. The company aimed to explore, develop, and ultimately produce gold from this significant resource. Over the years, Luna Gold faced various challenges typical of the mining industry, including fluctuating gold prices, operational difficulties at the mine, and the need for consistent capital investment to continue expansion and production.

Luna Gold on Google Finance

Google Finance serves as a valuable resource for investors and researchers seeking historical stock information. When searching for Luna Gold (LGC.TO) on Google Finance, users can typically find:

• Historical Stock Prices: Charts displaying the stock’s performance over different periods, including daily, weekly, monthly, and yearly trends. This data helps analyze past market behavior.
• Key Financial Metrics: Information such as market capitalization, price-to-earnings ratio (P/E), earnings per share (EPS), and dividend yield (if applicable). These metrics provide insights into the company’s financial health and valuation.
• News and Articles: A compilation of news articles, press releases, and analyst reports related to Luna Gold. This information offers context on significant events affecting the company.
• Related Companies: Links to other companies in the gold mining sector, facilitating comparative analysis.

However, it’s crucial to remember that because Luna Gold no longer exists as an independent entity, the data available on Google Finance represents its past performance only. The stock is no longer actively traded, so real-time price updates are unavailable.

The Demise of Luna Gold and the Transition to Trek Mining

Luna Gold’s journey involved significant operational and financial hurdles. In 2016, the company underwent a significant transformation. Luna Gold merged with JDL Gold Corp. and subsequently changed its name to Trek Mining Inc. This marked the end of Luna Gold as a separate publicly traded entity. Trek Mining continued to develop the Aurizona project. Subsequently, Trek Mining itself was acquired by another company, further altering the landscape.

Implications for Researchers

For researchers and investors using Google Finance, the Luna Gold data provides a case study in the volatility and risks inherent in the mining industry. It demonstrates how factors like commodity prices, operational efficiency, and financial stability can dramatically impact a company’s fate. While the company no longer exists in its original form, the historical data on Google Finance remains a useful tool for understanding market dynamics and the complexities of the gold mining sector.