BMO Capital Markets Cuts Lucara Diamond (TSE:LUC) Price Target to C$0.50

Lucara Diamond (TSE:LUC - Get Free Report) had its target price cut by research analysts at BMO Capital Markets from C$0.60 to C$0.50 in a research note issued to investors on Friday,BayStreet.CA reports. BMO Capital Markets' price objective suggests a potential upside of 11.11% from the stock's previous close.

Lucara Diamond Trading Up 7.1 %

Shares of LUC stock traded up C$0.03 on Friday, hitting C$0.45. The company had a trading volume of 910,100 shares, compared to its average volume of 164,483. Lucara Diamond has a twelve month low of C$0.29 and a twelve month high of C$0.63. The company has a debt-to-equity ratio of 87.66, a quick ratio of 1.42 and a current ratio of 1.37. The firm has a market cap of C$207.23 million, a P/E ratio of -6.43, a P/E/G ratio of -0.81 and a beta of 1.38. The stock's 50-day moving average is C$0.47 and its two-hundred day moving average is C$0.39.

Lucara Diamond Company Profile

Lucara Diamond Corp., a diamond mining company, engages in the development and operation of diamond properties in Africa. The company holds 100% interests in the Karowe mine located in Botswana. It also operates Clara Platform, a digital sales platform for rough diamonds. The company was formerly known as Bannockburn Resources Limited and changed its name to Lucara Diamond Corp.