Lucara Diamond (TSE:LUC) Hits New 1-Year Low – Here’s Why

Lucara Diamond Corp. (TSE:LUC) shares reached a new 52-week low on Monday. The company traded as low as C$0.13 and last traded at C$0.12, with a volume of 1,240,617 shares changing hands. The stock had previously closed at C$0.13.

Lucara Diamond Stock Performance

The stock’s 50-day moving average is C$0.16 and its 200-day moving average is C$0.18. The firm has a market capitalization of C$179.15 million, a price-to-earnings ratio of 4.00, a PEG ratio of -0.81 and a beta of 0.29. The company has a current ratio of 9.89, a quick ratio of 1.42 and a debt-to-equity ratio of 91.39.

Lucara Diamond (TSE:LUC) last issued its quarterly earnings data on Friday, August 7th. The company reported C$0.02 EPS for the quarter. Lucara Diamond had a net margin of 10.15% and a return on equity of 4.15%. The business had revenue of C$58.29 million during the quarter. On average, analysts predict that Lucara Diamond Corp. will post 0.16 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.