Lucara Diamond (TSE:LUC) Stock Price Passes Below 200 Day Moving Average of $1.00
Lucara Diamond Corp (TSE:LUC) shares crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $1.00 and traded as low as $0.82. Lucara Diamond shares last traded at $0.83, with a volume of 132,448 shares changing hands.
Separately, Scotiabank dropped their price objective on shares of Lucara Diamond from C$2.00 to C$1.25 in a report on Monday, December 2nd.
The company has a debt-to-equity ratio of 2.10, a quick ratio of 0.50 and a current ratio of 3.24. The stock’s fifty day moving average is C$0.85 and its 200 day moving average is C$1.00. The stock has a market cap of $329.39 million and a P/E ratio of -81.00.
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.
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