Lucara Diamond (TSE:LUC) Share Price Crosses Below 200-Day Moving Average – Here’s Why

Lucara Diamond Corp. (TSE:LUC) shares passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$0.44 and traded as low as C$0.40. Lucara Diamond shares last traded at C$0.40, with a volume of 1,058,752 shares traded.

Analysts Set New Price Targets

Separately, BMO Capital Markets cut their target price on Lucara Diamond from C$0.60 to C$0.50 in a report on Friday, November 15th.

Lucara Diamond Trading Up 1.3 %

The company has a debt-to-equity ratio of 71.39, a quick ratio of 1.42 and a current ratio of 1.38. The firm has a 50 day simple moving average of C$0.42 and a two-hundred day simple moving average of C$0.44. The firm has a market capitalization of C$128.76 million, a P/E ratio of -3.79, a PEG ratio of -0.81 and a beta of 1.38.

Lucara Diamond Company Profile

Lucara Diamond Corp., a diamond mining company, engages in the development and operation of diamond properties in Africa. The company holds 100% interests in the Karowe mine located in Botswana. It also operates Clara Platform, a digital sales platform for rough diamonds. The company was formerly known as Bannockburn Resources Limited and changed its name to Lucara Diamond Corp.