Star Diamond (TSE:DIAM) Hits New 52-Week Low – Here’s Why

Shares of Star Diamond Co. (TSE:DIAMGet Free Report) reached a new 52-week low during trading on Wednesday . The stock traded as low as C$0.02 and last traded at C$0.03, with a volume of 63628 shares trading hands. The stock had previously closed at C$0.02.

Star Diamond Stock Performance

The stock has a market cap of C$19.35 million, a price-to-earnings ratio of -2.50 and a beta of -0.57. The company’s 50-day simple moving average is C$0.02 and its 200-day simple moving average is C$0.03. The company has a quick ratio of 17.99, a current ratio of 2.06 and a debt-to-equity ratio of 2.05.

Star Diamond Company Profile

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Star Diamond is a Canadian natural resource company focused on exploring and evaluating Saskatchewan’s diamond resources. Star Diamond holds a 100% interest in the Fort à la Corne Project, (FALC Project, which includes the Star – Orion South Diamond Project, or the “Project”). These properties are in central Saskatchewan, near established infrastructure, including paved highways and the electrical power grid, which provide significant advantages for future possible mine development. The Company also holds a 100% interest in the exploration and evaluation properties of the Buffalo Hills Diamond Project (the “BH Project”) located approximately 400 kilometres northwest of Edmonton, Alberta, Canada.

Further Reading

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