Lucara Diamond (LUC) Reaches New 12-Month High at $2.38
Lucara Diamond Corp (TSE:LUC)’s share price reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as C$2.38 and last traded at C$2.37, with a volume of 82515 shares traded. The stock had previously closed at C$2.36.
A number of equities analysts have recently issued reports on LUC shares. Canaccord Genuity reissued a “buy” rating and set a C$2.45 price target on shares of Lucara Diamond in a research report on Thursday, July 5th. BMO Capital Markets dropped their price target on Lucara Diamond from C$3.50 to C$2.75 in a research report on Thursday, August 23rd.
Lucara Diamond (TSE:LUC) last issued its quarterly earnings data on Wednesday, August 8th. The company reported C$0.06 earnings per share for the quarter. Lucara Diamond had a return on equity of 55.25% and a net margin of 42.23%. The company had revenue of C$83.30 million for the quarter.
Lucara Diamond Company Profile (TSE:LUC)
Lucara Diamond Corp., a diamond mining company, engages in the acquisition, exploration, development, and operation of diamond properties in Africa. It holds 100% interests in the Karowe mine covering an area of 15.3 km2, as well as three prospecting licenses located in Botswana. The company was formerly known as Bannockburn Resources Limited and changed its name to Lucara Diamond Corp.
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