Lucara Diamond (TSE:LUC) Reaches New 52-Week Low – Here’s Why

Lucara Diamond Corp. (TSE:LUC) reached a new 52-week low during trading on Tuesday. The stock traded as low as C$0.15 and last traded at C$0.15, with a volume of 1081833 shares traded. The stock had previously closed at C$0.16.

Lucara Diamond Stock Performance

The firm has a market capitalization of C$223.94 million, a price-to-earnings ratio of 5.00, a P/E/G ratio of -0.81 and a beta of 0.29. The company has a 50-day moving average price of C$0.17 and a 200-day moving average price of C$0.19. The company has a quick ratio of 1.42, a current ratio of 9.89 and a debt-to-equity ratio of 91.39.

Lucara Diamond (TSE:LUC) last posted its quarterly earnings data on Friday, August 7th. The company reported C$0.02 earnings per share (EPS) for the quarter. Lucara Diamond had a net margin of 10.15% and a return on equity of 4.15%. The business had revenue of C$58.29 million during the quarter. As a group, equities research analysts forecast that Lucara Diamond Corp. will post 0.1616162 earnings per share for the current 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.