Lucara Diamond (TSE:LUC) Hits New 12-Month Low – What’s Next?

Lucara Diamond Corp. (TSE:LUC) hit a new 52-week low on Wednesday . The company traded as low as C$0.15 and last traded at C$0.16, with a volume of 265408 shares. The stock had previously closed at C$0.16.

Lucara Diamond Stock Performance

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 company has a market capitalization of C$231.11 million, a P/E ratio of 3.10, a price-to-earnings-growth ratio of -0.81 and a beta of 0.28. The firm has a fifty day moving average price of C$0.22 and a 200-day moving average price of C$0.23.

Lucara Diamond (TSE:LUC) last posted its quarterly earnings data on Thursday, May 7th. The company reported C($0.01) earnings per share for the quarter. Lucara Diamond had a return on equity of 3.63% and a net margin of 7.98%.The business had revenue of C$30.29 million during the quarter. On average, equities research analysts anticipate that Lucara Diamond Corp. will post 0.1616162 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.