Lucara Diamond (TSE:LUC) Shares Down 2.3% – Here’s Why

Lucara Diamond Corp. (TSE:LUC)’s share price was down 2.3% during mid-day trading on Monday . The company traded as low as C$0.21 and last traded at C$0.21. Approximately 491,644 shares traded hands during mid-day trading, an increase of 37% from the average daily volume of 359,827 shares. The stock had previously closed at C$0.22.

Lucara Diamond Price Performance

The firm’s fifty day simple moving average is C$0.19 and its 200-day simple moving average is C$0.20. The firm has a market capitalization of C$91.17 million, a PE ratio of 1.82, a PEG ratio of -0.81 and a beta of 0.75. The company has a quick ratio of 1.42, a current ratio of 1.38 and a debt-to-equity ratio of 71.39.

Lucara Diamond (TSE:LUC) last announced its quarterly earnings results on Thursday, November 13th. The company reported C$0.02 earnings per share for the quarter. The company had revenue of C$71.34 million during the quarter. Lucara Diamond had a negative net margin of 20.70% and a negative return on equity of 13.99%. On average, research analysts forecast that Lucara Diamond Corp. will post 0.1616162 earnings per share for the current fiscal year.

Lucara Diamond Company Profile

Lucara Diamond Corp is a diamond mining company engaged in the development and operations of diamond properties in Africa. Its business segment includes Karowe Mine, Corporate and other. The company earns the majority of its revenue from the Karowe Mine segment.