Star Diamond Co. (TSE:DIAM – Get Free Report) shares rose 25% on Wednesday . The stock traded as high as C$0.03 and last traded at C$0.03. Approximately 375,947 shares traded hands during mid-day trading, an increase of 84% from the average session volume of 204,155 shares. The stock had previously closed at C$0.02.
Star Diamond Stock Performance
The stock’s 50 day simple moving average is C$0.02 and its two-hundred day simple moving average is C$0.03. The company has a market capitalization of C$19.35 million, a P/E ratio of -2.50 and a beta of -0.41. The company has a debt-to-equity ratio of 2.05, a current ratio of 2.06 and a quick ratio of 17.99.
Star Diamond Company Profile
Star Diamond is a Canadian natural resource company focused on exploring and evaluating Saskatchewan’s diamond resources. Star Diamond holds a 100% interest in the Fort à la Corne Project, (FALC Project, which includes the Star – Orion South Diamond Project, or the “Project”). These properties are in central Saskatchewan, near established infrastructure, including paved highways and the electrical power grid, which provide significant advantages for future possible mine development. The Company also holds a 100% interest in the exploration and evaluation properties of the Buffalo Hills Diamond Project (the “BH Project”) located approximately 400 kilometres northwest of Edmonton, Alberta, Canada.
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