Lucara Diamond (OTCMKTS:LUCRF) Shares Pass Above 50 Day Moving Average – Time to Sell?

Lucara Diamond Corp. (OTCMKTS:LUCRF)’s stock price crossed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $0.16 and traded as high as $0.1865. Lucara Diamond shares last traded at $0.18, with a volume of 31,700 shares trading hands.

Analysts Set New Price Targets

Separately, BMO Capital Markets reissued a “market perform” rating on shares of Lucara Diamond in a research note on Wednesday, January 7th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock currently has a consensus rating of “Hold”.

Lucara Diamond Trading Up 5.3%

The company’s 50-day moving average is $0.16 and its two-hundred day moving average is $0.15.

Lucara Diamond Company Profile

Lucara Diamond Corp., a diamond mining company, engages in the development and operation of diamond properties in Africa. The company holds 100% interests in the Karowe mine located in Botswana. It also operates Clara Platform, a digital sales platform for rough diamonds. The company was formerly known as Bannockburn Resources Limited and changed its name to Lucara Diamond Corp. in August 2007. Lucara Diamond Corp. was incorporated in 1981 and is based in Vancouver, Canada.