Star Diamond (TSE:DIAM) Stock Price Up 33.3% – Here’s Why

Star Diamond Co. (TSE:DIAM – Get Free Report)’s share price was up 33.3% on Wednesday. The stock traded as high as C$0.02 and last traded at C$0.02. Approximately 281,151 shares were traded during trading, an increase of 41% from the average session volume of 199,851 shares. The stock had previously closed at C$0.01.

Star Diamond Stock Up 33.3%

The stock has a market cap of C$15.48 million, a PE ratio of -2.00 and a beta of -0.48. The business has a fifty day moving average of C$0.02 and a 200-day moving average of C$0.03. The company has a debt-to-equity ratio of 2.05, a current ratio of 2.06 and a quick ratio of 17.99.

About Star Diamond

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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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