Star Diamond (TSE:DIAM) Hits New 1-Year Low – Here’s Why

Star Diamond Co. (TSE:DIAM) reached a new 52-week low during mid-day trading on Tuesday. The stock traded as low as C$0.01 and last traded at C$0.01, with a volume of 9,394 shares trading hands. The stock had previously closed at C$0.02.

Star Diamond Stock Down 25.0%

The firm has a market cap of C$11.61 million, a P/E ratio of -1.50 and a beta of -0.48. The stock’s 50 day simple moving average is C$0.02 and its 200 day simple moving average is C$0.03. The company has a debt-to-equity ratio of 2.05, a quick ratio of 17.99 and a current ratio of 2.06.

About Star Diamond

Star Diamond is a Canadian natural resource company focused on exploring and evaluating Saskatchewan’s diamond resources. Star Diamond holds a 100% interest in the Fort à la Corne Project, (FALC Project, which includes the Star – Orion South Diamond Project, or the “Project”). These properties are in central Saskatchewan, near established infrastructure, including paved highways and the electrical power grid, which provide significant advantages for future possible mine development. The Company also holds a 100% interest in the exploration and evaluation properties of the Buffalo Hills Diamond Project (the “BH Project”) located approximately 400 kilometres northwest of Edmonton, Alberta, Canada.