Lucara Diamond (TSE:LUC) Hits New 52-Week Low – Here’s Why

Lucara Diamond Corp. (TSE:LUC)’s stock price reached a new 52-week low on Tuesday. The company traded as low as C$0.14 and last traded at C$0.15, with a volume of 164,762 shares traded. The stock had previously closed at C$0.15.

Lucara Diamond Stock Performance

The stock has a market cap of C$223.94 million, a PE ratio of 5.00, a price-to-earnings-growth ratio of -0.81 and a beta of 0.29. The business has a 50 day moving average of C$0.17 and a 200-day moving average of C$0.19. The company has a current ratio of 9.89, a quick ratio of 1.42 and a debt-to-equity ratio of 91.39.

Lucara Diamond (TSE:LUC) last released its earnings results on Friday, August 7th. The company reported C$0.02 EPS for the quarter. Lucara Diamond had a return on equity of 4.15% and a net margin of 10.15%. The firm had revenue of C$58.29 million during the quarter. On average, analysts anticipate that Lucara Diamond Corp. will post 0.16 EPS for the current year.

Lucara Diamond Company Profile

Lucara is a leading independent producer of large exceptional quality Type IIa diamonds from its 100% owned Karowe Diamond Mine in Botswana. The Karowe Mine has been in production since 2012 and is the focus of the Company’s operations and development activities. Lucara has an experienced board of directors (the “Board”) and management team with extensive diamond development and operations expertise. Lucara and its subsidiaries operate transparently and in accordance with international best practices in the areas of sustainability, health and safety, environment, and community relations.