Lucara Diamond (TSE:LUC) Posts Quarterly Earnings Results

Lucara Diamond (TSE:LUC) announced its earnings results on Friday. The company reported C$0.02 earnings per share for the quarter, FiscalAI reports. Lucara Diamond had a return on equity of 3.63% and a net margin of 7.98%.The business had revenue of C$58.29 million during the quarter.

Lucara Diamond Stock Performance

TSE:LUC remained flat at C$0.16 during trading hours on Friday. 822,239 shares of the company’s stock were exchanged, compared to its average volume of 405,665. The company has a debt-to-equity ratio of 85.84, a quick ratio of 1.42 and a current ratio of 11.26. The firm has a market cap of C$238.56 million, a price-to-earnings ratio of 3.20, a PEG ratio of -0.81 and a beta of 0.30. Lucara Diamond has a 52 week low of C$0.14 and a 52 week high of C$0.34. The stock has a fifty day moving average of C$0.16 and a 200-day moving average of C$0.22.

About Lucara Diamond

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.