Star Diamond (TSE:DIAM) Trading Down 20% – Should You Sell?

Star Diamond Co. (TSE:DIAM) traded down 20% on Tuesday . The company traded as low as C$0.02 and last traded at C$0.02. 140,243 shares traded hands during mid-day trading, a decline of 40% from the average session volume of 235,105 shares. The stock had previously closed at C$0.03.

Star Diamond Price Performance

The firm has a 50-day moving average of C$0.03 and a 200-day moving average of C$0.03. The company has a debt-to-equity ratio of 2.05, a quick ratio of 17.99 and a current ratio of 2.06. The firm has a market capitalization of C$19.35 million, a P/E ratio of -2.50 and a beta of -0.45.

Star Diamond (TSE:DIAM) last posted its earnings results on Monday, March 30th. The company reported C($0.00) EPS for the quarter.

Star Diamond Company Profile

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.