Diamcor Mining (CVE:DMI) Shares Down 16.7% – Here’s Why

Diamcor Mining Inc. (CVE:DMIGet Free Report)’s stock price traded down 16.7% during trading on Friday . The company traded as low as C$0.03 and last traded at C$0.03. 446,948 shares changed hands during mid-day trading, an increase of 611% from the average session volume of 62,875 shares. The stock had previously closed at C$0.03.

Diamcor Mining Stock Performance

The stock has a market capitalization of C$5.06 million, a price-to-earnings ratio of -0.75 and a beta of 1.38. The company has a quick ratio of 0.13, a current ratio of 0.05 and a debt-to-equity ratio of 617.97. The stock’s 50-day simple moving average is C$0.04 and its 200 day simple moving average is C$0.04.

Diamcor Mining Company Profile

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Diamcor Mining Inc, a junior mining and exploration company, identifies, acquires, explores for, evaluates, operates, and develops diamond-based resource properties. It holds interests in the Krone-Endora at Venetia project that consists of Krone 104MS and Endora 66MS farms covering a combined surface area of approximately 5,888 hectares located in South Africa.

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