Lucara Diamond (TSE:LUC) Share Price Crosses Below Two Hundred Day Moving Average - Here's Why

Shares of Lucara Diamond Corp. (TSE:LUC - Get Free Report) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$0.43 and traded as low as C$0.38. Lucara Diamond shares last traded at C$0.38, with a volume of 26,040 shares changing hands.

Analysts Set New Price Targets

Separately, BMO Capital Markets lowered their price target on shares of Lucara Diamond from C$0.60 to C$0.50 in a report on Friday, November 15th.

Lucara Diamond Stock Performance

The business's 50-day moving average is C$0.47 and its 200-day moving average is C$0.43. 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 company has a market capitalization of C$174.99 million, a PE ratio of -5.43, a PEG ratio of -0.81 and a beta of 1.38.

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.