Lucara Diamond (TSE:LUC) Reaches New 52-Week Low – Here’s What Happened

Shares of Lucara Diamond Corp. (TSE:LUC) hit a new 52-week low during trading on Tuesday . The stock traded as low as C$0.14 and last traded at C$0.14, with a volume of 63372 shares trading hands. The stock had previously closed at C$0.15.

Lucara Diamond Stock Performance

The company has a current ratio of 11.26, a quick ratio of 1.42 and a debt-to-equity ratio of 85.84. The firm has a market capitalization of C$219.93 million, a P/E ratio of 2.95, a price-to-earnings-growth ratio of -0.81 and a beta of 0.28. The business’s 50 day simple moving average is C$0.21 and its two-hundred day simple moving average is C$0.23.

Lucara Diamond (TSE:LUC) last issued its earnings results on Thursday, May 7th. The company reported C($0.01) earnings per share (EPS) for the quarter. Lucara Diamond had a return on equity of 3.63% and a net margin of 7.98%.The firm had revenue of C$30.29 million during the quarter. Sell-side 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.