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Lucara Diamond (TSE:LUC) Share Price Passes Below 200 Day Moving Average - Time to Sell?

Lucara Diamond logo with Basic Materials background

Lucara Diamond Corp. (TSE:LUC - Get Free Report) passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$0.42 and traded as low as C$0.42. Lucara Diamond shares last traded at C$0.42, with a volume of 85,000 shares.

Analysts Set New Price Targets

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

Get Our Latest Stock Report on Lucara Diamond

Lucara Diamond Stock Performance

The company has a market cap of C$191.11 million, a price-to-earnings ratio of -5.93, a price-to-earnings-growth ratio of -0.81 and a beta of 1.38. The firm has a 50-day simple moving average of C$0.50 and a 200 day simple moving average of C$0.42. The company has a quick ratio of 1.42, a current ratio of 1.37 and a debt-to-equity ratio of 87.66.

About Lucara Diamond

(Get Free Report)

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.

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