Lucara Diamond (TSE:LUC) Posts Quarterly Earnings Results

Lucara Diamond (TSE:LUC) announced its earnings results on Tuesday. The company reported C$0.02 earnings per share for the quarter, FiscalAI reports. The company had revenue of C$44.80 million for the quarter. Lucara Diamond had a return on equity of 19.72% and a net margin of 27.84%.

Lucara Diamond Stock Up 1.8%

LUC stock opened at C$0.29 on Thursday. Lucara Diamond has a fifty-two week low of C$0.16 and a fifty-two week high of C$0.41. The company has a debt-to-equity ratio of 8.58, a current ratio of 0.38 and a quick ratio of 1.42. The stock has a market capitalization of C$431.25 million, a price-to-earnings ratio of 2.64, a PEG ratio of -0.81 and a beta of 0.52. The business’s fifty day moving average price is C$0.24 and its two-hundred day moving average price is C$0.21.

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.