Lucara Diamond (TSE:LUC) Stock Jumps 18.2% – Time to Buy?

Lucara Diamond Corp. (TSE:LUC) was up 18.2% on Thursday. The stock traded as high as C$0.13 and last traded at C$0.13. Approximately 389,195 shares traded hands during trading, a decline of 25% from the average daily volume of 519,060 shares. The stock had previously closed at C$0.11.

Lucara Diamond Stock Performance

The company has a current ratio of 9.89, a quick ratio of 1.42 and a debt-to-equity ratio of 91.39. The stock has a market capitalization of C$179.15 million, a P/E ratio of 4.00, a price-to-earnings-growth ratio of -0.81 and a beta of 0.29. The company has a 50-day moving average price of C$0.16 and a two-hundred day moving average price of C$0.20.

Lucara Diamond (TSE:LUC) last posted its earnings results on Friday, August 7th. The company reported C$0.02 earnings per share for the quarter. Lucara Diamond had a net margin of 10.15% and a return on equity of 4.15%. The firm had revenue of C$58.29 million during the quarter. On average, equities analysts forecast that Lucara Diamond Corp. will post 0.16 earnings per share 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.