Lucara Diamond (TSE:LUC) Trading 32.5% Higher – Still a Buy?

Shares of Lucara Diamond Corp. (TSE:LUC) traded up 32.5% during trading on Thursday . The stock traded as high as C$0.35 and last traded at C$0.27. 3,253,631 shares changed hands during mid-day trading, an increase of 469% from the average session volume of 571,632 shares. The stock had previously closed at C$0.20.

Lucara Diamond Stock Up 37.5%

The firm’s 50-day moving average price is C$0.19 and its 200 day moving average price is C$0.20. The company has a current ratio of 1.38, a quick ratio of 1.42 and a debt-to-equity ratio of 71.39. The company has a market capitalization of C$125.35 million, a price-to-earnings ratio of 2.50, a PEG ratio of -0.81 and a beta of 0.75.

Lucara Diamond (TSE:LUC) last announced its quarterly earnings data on Thursday, November 13th. The company reported C$0.02 earnings per share (EPS) for the quarter. Lucara Diamond had a negative net margin of 20.70% and a negative return on equity of 13.99%. The business had revenue of C$71.34 million for the quarter. On average, sell-side analysts forecast that Lucara Diamond Corp. will post 0.1616162 EPS for the current fiscal year.

Lucara Diamond Company Profile

Lucara Diamond Corp is a diamond mining company engaged in the development and operations of diamond properties in Africa. Its business segment includes Karowe Mine, Corporate and other. The company earns the majority of its revenue from the Karowe Mine segment.