Lucara Diamond (TSE:LUC) Stock Price Up 11.1% – Should You Buy?

Lucara Diamond Corp. (TSE:LUC)’s share price was up 11.1% on Thursday. The stock traded as high as C$0.15 and last traded at C$0.15. Approximately 903,045 shares traded hands during mid-day trading, an increase of 92% from the average session volume of 471,033 shares. The stock had previously closed at C$0.14.

Lucara Diamond Trading Up 11.1%

The company has a quick ratio of 1.42, a current ratio of 9.89 and a debt-to-equity ratio of 91.39. The stock has a market capitalization of C$223.94 million, a P/E ratio of 5.00, a PEG ratio of -0.81 and a beta of 0.29. The firm’s 50-day simple moving average is C$0.17 and its 200 day simple moving average is C$0.19.

Lucara Diamond (TSE:LUC) last announced its quarterly earnings data on Friday, August 7th. The company reported C$0.02 EPS for the quarter. Lucara Diamond had a return on equity of 4.15% and a net margin of 10.15%.The company had revenue of C$58.29 million during the quarter. Equities research analysts anticipate that Lucara Diamond Corp. will post 0.1616162 EPS for the current fiscal year.

About Lucara Diamond

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.