Lucara Diamond (TSE:LUC) Stock Price Down 13.3% – Time to Sell?

Lucara Diamond Corp. (TSE:LUC) shares fell 13.3% during mid-day trading on Thursday. The company traded as low as C$0.13 and last traded at C$0.13. Approximately 1,155,668 shares changed hands during mid-day trading, an increase of 145% from the average daily volume of 472,017 shares. The stock had previously closed at C$0.15.

Lucara Diamond Price Performance

The company has a current ratio of 9.89, a quick ratio of 1.42 and a debt-to-equity ratio of 91.39. The company has a 50 day moving average price of C$0.16 and a 200 day moving average price of C$0.18. The company has a market capitalization of C$194.08 million, a P/E ratio of 4.33, a P/E/G ratio of -0.81 and a beta of 0.29.

Lucara Diamond (TSE:LUC) last posted its earnings results on Friday, August 7th. The company reported C$0.02 earnings per share for the quarter. Lucara Diamond had a return on equity of 4.15% and a net margin of 10.15%. The business had revenue of C$58.29 million for the quarter. On average, equities analysts predict that Lucara Diamond Corp. will post 0.16 EPS for the current fiscal year.

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.