Lucara Diamond (TSE:LUC) Reaches New 12-Month Low – Here’s What Happened

Lucara Diamond Corp. (TSE:LUC)’s share price hit a new 52-week low during mid-day trading on Thursday . The company traded as low as C$0.15 and last traded at C$0.16, with a volume of 545150 shares. The stock had previously closed at C$0.15.

Lucara Diamond Stock Down 3.2%

The company has a debt-to-equity ratio of 85.84, a current ratio of 11.26 and a quick ratio of 1.42. The firm’s 50 day moving average is C$0.22 and its two-hundred day moving average is C$0.23. The firm has a market capitalization of C$223.65 million, a P/E ratio of 3.00, a PEG ratio of -0.81 and a beta of 0.28.

Lucara Diamond (TSE:LUC) last posted its quarterly earnings results on Thursday, May 7th. The company reported C($0.01) earnings per share (EPS) for the quarter. The firm had revenue of C$30.29 million for the quarter. Lucara Diamond had a return on equity of 3.63% and a net margin of 7.98%. Research analysts predict that Lucara Diamond Corp. will post 0.1616162 EPS for the current year.

About Lucara Diamond

Lucara is a leading independent producer of large exceptional quality Type IIa diamonds from its 100% owned Karowe Diamond Mine in Botswana. The Karowe Mine has been in production since 2012 and is the focus of the Company’s operations and development activities. Lucara has an experienced board of directors (the “Board”) and management team with extensive diamond development and operations expertise. Lucara and its subsidiaries operate transparently and in accordance with international best practices in the areas of sustainability, health and safety, environment, and community relations.