Lucara Diamond (TSE:LUC) Trading Down 13% – Here’s What Happened

Lucara Diamond Corp. (TSE:LUC)’s stock price traded down 13% during trading on Wednesday . The company traded as low as C$0.24 and last traded at C$0.24. 340,487 shares changed hands during mid-day trading, a decline of 36% from the average session volume of 529,596 shares. The stock had previously closed at C$0.27.

Lucara Diamond Trading Down 13.0%

The company’s fifty day moving average is C$0.22 and its 200-day moving average is C$0.20. The company has a current ratio of 1.38, a quick ratio of 1.42 and a debt-to-equity ratio of 71.39. The firm has a market capitalization of C$349.46 million, a P/E ratio of 2.14, a P/E/G ratio of -0.81 and a beta of 0.52.

Lucara Diamond (TSE:LUC) last released its quarterly earnings results on Thursday, November 13th. The company reported C$0.02 earnings per share (EPS) 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%. As a group, sell-side analysts anticipate that Lucara Diamond Corp. will post 0.1616162 earnings per share for the current fiscal year.

About Lucara Diamond

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.