Lucara Diamond (TSE:LUC) Stock Falls 15.4% – Here’s What Happened

Lucara Diamond Corp. (TSE:LUC) traded down 15.4% on Wednesday. The company traded as low as C$0.10 and last traded at C$0.11. 730,924 shares changed hands during mid-day trading, an increase of 41% from the average session volume of 519,589 shares. The stock had previously closed at C$0.13.

Lucara Diamond Stock Down 7.7%

The company has a quick ratio of 1.42, a current ratio of 9.89 and a debt-to-equity ratio of 91.39. The business has a 50-day simple moving average of C$0.16 and a 200-day simple moving average of C$0.20. The company has a market cap of C$179.15 million, a PE ratio of 4.00, a P/E/G ratio of -0.81 and a beta of 0.29.

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

About Lucara Diamond

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.