BMO Capital Markets upgraded shares of Lucara Diamond (OTCMKTS:GMDMF) from an underperform rating to a market perform rating in a report released on Thursday morning, The Fly reports.

OTCMKTS:GMDMF remained flat at $$0.75 during mid-day trading on Thursday.

Lucara Diamond Company Profile

Gem Diamonds Limited explores for and develops diamond mines. The company's flagship project is the Leteng mine located in the Kingdom of Lesotho. It also manufactures, sells, and markets rough and polished diamonds. In addition, the company provides technical, financial, and management consultancy services.

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The Fly

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