Lucara Diamond (OTCMKTS:LUCRF) Shares Pass Above Fifty Day Moving Average – Time to Sell?

Lucara Diamond Corp. (OTCMKTS:LUCRF) passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $0.16 and traded as high as $0.1865. Lucara Diamond shares last traded at $0.18, with a volume of 31,700 shares trading hands.

Analyst Ratings Changes

Separately, BMO Capital Markets reaffirmed a “market perform” rating on shares of Lucara Diamond in a research note on Wednesday, January 7th. One research analyst has rated the stock with a Hold rating, According to MarketBeat, the company has an average rating of “Hold”.

Lucara Diamond Trading Up 2.9%

The firm has a fifty day moving average of $0.16 and a 200-day moving average of $0.15.

Lucara Diamond Company Profile

Lucara Diamond Corp., a diamond mining company, engages in the development and operation of diamond properties in Africa. The company holds 100% interests in the Karowe mine located in Botswana. It also operates Clara Platform, a digital sales platform for rough diamonds. The company was formerly known as Bannockburn Resources Limited and changed its name to Lucara Diamond Corp. in August 2007. Lucara Diamond Corp. was incorporated in 1981 and is based in Vancouver, Canada.