Lucara Diamond (TSE:LUC) Shares Down 13% – What’s Next?

Lucara Diamond Corp. (TSE:LUC)’s stock price fell 13% during trading on Wednesday . The stock traded as low as C$0.24 and last traded at C$0.24. 340,487 shares traded hands during trading, a decline of 36% from the average session volume of 529,596 shares. The stock had previously closed at C$0.27.

Lucara Diamond Price Performance

The company has a market cap of C$416.38 million, a P/E ratio of 2.55, a PEG ratio of -0.81 and a beta of 0.52. The company has a fifty day moving average price of C$0.23 and a two-hundred day moving average price of C$0.21. The company has a debt-to-equity ratio of 71.39, a quick ratio of 1.42 and a current ratio of 1.38.

Lucara Diamond (TSE:LUC) last released its earnings results on Thursday, November 13th. The company reported C$0.02 earnings per share (EPS) for the quarter. Lucara Diamond had a negative return on equity of 13.99% and a negative net margin of 20.70%.The business had revenue of C$71.34 million for the quarter. On average, sell-side analysts anticipate that Lucara Diamond Corp. will post 0.1616162 earnings per share for the current fiscal year.

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.