Lucara Diamond (TSE:LUC) Shares Cross Below 200 Day Moving Average – Here’s What Happened

Lucara Diamond Corp. (TSE:LUC)’s share price crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$0.22 and traded as low as C$0.16. Lucara Diamond shares last traded at C$0.17, with a volume of 415,789 shares trading hands.

Lucara Diamond Trading Down 3.0%

The company has a quick ratio of 1.42, a current ratio of 11.26 and a debt-to-equity ratio of 85.84. The firm’s 50-day simple moving average is C$0.16 and its 200 day simple moving average is C$0.22. The stock has a market capitalization of C$238.56 million, a P/E ratio of 5.33, a PEG ratio of -0.81 and a beta of 0.30.

Lucara Diamond (TSE:LUC) last issued its quarterly earnings results on Friday, August 7th. The company reported C$0.02 earnings per share for the quarter. The company had revenue of C$58.29 million during the quarter. Lucara Diamond had a net margin of 7.98% and a return on equity of 3.63%. Equities research analysts anticipate that Lucara Diamond Corp. will post 0.1616162 EPS for the current fiscal 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.