Shares of Lucara Diamond Corp. (TSE:LUC - Get Free Report) shot up 10.5% during trading on Monday . The company traded as high as C$0.44 and last traded at C$0.42. 300,847 shares changed hands during mid-day trading, an increase of 109% from the average session volume of 143,857 shares. The stock had previously closed at C$0.38.
Wall Street Analysts Forecast Growth
Separately, BMO Capital Markets lowered their target price on shares of Lucara Diamond from C$0.60 to C$0.50 in a research note on Friday, November 15th.
Read Our Latest Report on Lucara Diamond
Lucara Diamond Stock Performance
The company has a debt-to-equity ratio of 71.39, a quick ratio of 1.42 and a current ratio of 1.38. The firm's 50 day simple moving average is C$0.40 and its 200 day simple moving average is C$0.44. The firm has a market capitalization of C$127.15 million, a price-to-earnings ratio of -3.74, a PEG ratio of -0.81 and a beta of 1.38.
About Lucara Diamond
(
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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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