Star Diamond (TSE:DIAM) Trading Down 20% – Should You Sell?

Star Diamond Co. (TSE:DIAMGet Free Report) shares fell 20% during trading on Friday . The stock traded as low as C$0.02 and last traded at C$0.02. 552,278 shares traded hands during trading, an increase of 162% from the average session volume of 210,449 shares. The stock had previously closed at C$0.03.

Star Diamond Stock Performance

The company has a market cap of C$15.48 million, a PE ratio of -2.00 and a beta of -0.57. The stock has a 50 day simple moving average of C$0.02 and a two-hundred day simple moving average of C$0.03. The company has a debt-to-equity ratio of 2.05, a current ratio of 2.06 and a quick ratio of 17.99.

Star Diamond Company Profile

(Get Free Report)

Star Diamond is a Canadian natural resource company focused on exploring and evaluating Saskatchewan’s diamond resources. Star Diamond holds a 100% interest in the Fort à la Corne Project, (FALC Project, which includes the Star – Orion South Diamond Project, or the “Project”). These properties are in central Saskatchewan, near established infrastructure, including paved highways and the electrical power grid, which provide significant advantages for future possible mine development. The Company also holds a 100% interest in the exploration and evaluation properties of the Buffalo Hills Diamond Project (the “BH Project”) located approximately 400 kilometres northwest of Edmonton, Alberta, Canada.

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