Lucara Diamond Corp (TSE:LUC) shares traded down 0.3% on Wednesday . The stock traded as low as C$2.79 and last traded at C$2.89. 515,982 shares were traded during trading, an increase of 64% from the average session volume of 314,995 shares. The stock had previously closed at C$2.90.

Separately, Royal Bank of Canada downgraded shares of Lucara Diamond from an “outperform” rating to a “sector perform” rating and lowered their price objective for the stock from C$3.00 to C$2.90 in a report on Wednesday.

The firm has a market cap of $1,020.00, a price-to-earnings ratio of 10.56 and a beta of 1.04.

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Lucara Diamond Company Profile

Lucara Diamond Corp. is a diamond mining company focused in Africa. The Company’s business consists of the acquisition, exploration, development and operation of diamond properties. Its segments include Karowe Mine, and Corporate and other. The Company holds a 100% interest in the Karowe Mine and three prospecting licenses located in Botswana.

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