Lucara Diamond (TSE:LUC) Shares Pass Above Fifty Day Moving Average of $0.84
Lucara Diamond Corp (TSE:LUC) shares crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $0.84 and traded as high as $0.85. Lucara Diamond shares last traded at $0.85, with a volume of 698,955 shares traded.
Separately, Scotiabank dropped their price target on shares of Lucara Diamond from C$2.00 to C$1.25 in a research report on Monday, December 2nd.
The stock has a market cap of $341.30 million and a P/E ratio of -83.00. The company has a current ratio of 3.24, a quick ratio of 0.50 and a debt-to-equity ratio of 2.10. The stock has a 50 day simple moving average of C$0.84 and a 200 day simple moving average of C$1.07.
About Lucara Diamond (TSE:LUC)
Lucara Diamond Corp., a diamond mining company, engages in the acquisition, exploration, development, and operation of diamond properties in Africa. The company operates in two segments, Karowe Mine, and Corporate and Other. It holds 100% interests in the Karowe mine, as well as two prospecting licenses located in Botswana.
See Also: Compound Annual Growth Rate (CAGR)
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