Lucara Diamond (OTCMKTS:LUCRF) Shares Cross Above 50 Day Moving Average – Time to Sell?

Lucara Diamond Corp. (OTCMKTS:LUCRF)’s share price passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $0.15 and traded as high as $0.1820. Lucara Diamond shares last traded at $0.1804, with a volume of 70,082 shares trading hands.

Analyst Upgrades and Downgrades

Separately, BMO Capital Markets reiterated a “market perform” rating on shares of Lucara Diamond in a report on Wednesday, January 7th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock has an average rating of “Hold”.

Lucara Diamond Trading Down 0.9%

The firm’s 50-day moving average price is $0.15 and its 200 day moving average price is $0.15.

Lucara Diamond Company Profile

Lucara Diamond Corp., a diamond mining company, engages in the development and operation of diamond properties in Africa. The company holds 100% interests in the Karowe mine located in Botswana. It also operates Clara Platform, a digital sales platform for rough diamonds. The company was formerly known as Bannockburn Resources Limited and changed its name to Lucara Diamond Corp. in August 2007. Lucara Diamond Corp. was incorporated in 1981 and is based in Vancouver, Canada.