Star Diamond (TSE:DIAM) Shares Up 25% – What’s Next?

Star Diamond Co. (TSE:DIAM) traded up 25% on Wednesday . The stock traded as high as C$0.03 and last traded at C$0.03. 375,947 shares changed hands during mid-day trading, an increase of 84% from the average session volume of 204,155 shares. The stock had previously closed at C$0.02.

Star Diamond Stock Performance

The firm has a market cap of C$19.35 million, a price-to-earnings ratio of -2.50 and a beta of -0.41. The company has a quick ratio of 17.99, a current ratio of 2.06 and a debt-to-equity ratio of 2.05. The business has a 50 day moving average price of C$0.02 and a 200-day moving average price of C$0.03.

About Star Diamond

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.