Lucara Diamond (TSE:LUC) Share Price Passes Below 200 Day Moving Average – Here’s What Happened

Lucara Diamond Corp. (TSE:LUC)’s stock price crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$0.21 and traded as low as C$0.16. Lucara Diamond shares last traded at C$0.17, with a volume of 965,281 shares.

Lucara Diamond Stock Performance

The company has a market capitalization of C$246.34 million, a P/E ratio of 5.50, a PEG ratio of -0.81 and a beta of 0.30. The company has a debt-to-equity ratio of 91.39, a quick ratio of 1.42 and a current ratio of 9.89. The stock has a fifty day moving average of C$0.16 and a 200 day moving average of C$0.21.

Lucara Diamond (TSE:LUC) last released its quarterly earnings results on Friday, August 7th. The company reported C$0.02 earnings per share (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%. As a group, equities research analysts anticipate that Lucara Diamond Corp. will post 0.1616162 EPS for the current fiscal 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.