Lucara Diamond (TSE:LUC) Stock Price Down 13.3% – Should You Sell?

Lucara Diamond Corp. (TSE:LUC)’s stock price fell 13.3% during trading on Thursday. The stock traded as low as C$0.13 and last traded at C$0.13. 1,155,668 shares were traded during mid-day trading, an increase of 145% from the average session volume of 472,017 shares. The stock had previously closed at C$0.15.

Lucara Diamond Stock Performance

The company has a market cap of C$201.55 million, a P/E ratio of 4.50, a PEG ratio of -0.81 and a beta of 0.29. The company has a 50 day moving average price of C$0.17 and a 200-day moving average price of C$0.19. The company has a quick ratio of 1.42, a current ratio of 9.89 and a debt-to-equity ratio of 91.39.

Lucara Diamond (TSE:LUC) last issued its quarterly earnings results on Friday, August 7th. The company reported C$0.02 earnings per share for the quarter. The company had revenue of C$58.29 million during the quarter. Lucara Diamond had a net margin of 10.15% and a return on equity of 4.15%. Equities analysts expect that Lucara Diamond Corp. will post 0.16 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.