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Lucara Diamond (TSE:LUC) Trading Down 1.8% - What's Next?

Lucara Diamond logo with Basic Materials background

Lucara Diamond Corp. (TSE:LUC - Get Free Report) shares were down 1.8% during trading on Friday . The stock traded as low as C$0.55 and last traded at C$0.55. Approximately 83,689 shares were traded during mid-day trading, a decline of 60% from the average daily volume of 209,618 shares. The stock had previously closed at C$0.56.

Analyst Ratings Changes

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

View Our Latest Report on Lucara Diamond

Lucara Diamond Price Performance

The company has a market capitalization of C$253.28 million, a price-to-earnings ratio of -7.86, a price-to-earnings-growth ratio of -0.81 and a beta of 1.38. The company has a quick ratio of 1.42, a current ratio of 1.37 and a debt-to-equity ratio of 87.66. The company has a 50 day simple moving average of C$0.49 and a 200 day simple moving average of C$0.40.

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.

Further Reading

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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