Star Diamond (TSE:DIAM) Hits New 1-Year Low – Should You Sell?

Star Diamond Co. (TSE:DIAM – Get Free Report)’s share price reached a new 52-week low during mid-day trading on Wednesday. The company traded as low as C$0.02 and last traded at C$0.02, with a volume of 4,500 shares. The stock had previously closed at C$0.02.

Star Diamond Price Performance

The business has a 50-day simple moving average of C$0.02 and a two-hundred day simple moving average of C$0.03. The company has a debt-to-equity ratio of 2.05, a quick ratio of 17.99 and a current ratio of 2.06. The company has a market capitalization of C$15.48 million, a price-to-earnings ratio of -2.00 and a beta of -0.34.

Star Diamond Company Profile

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Star Diamond is a Canadian natural resource company focused on exploring and evaluating Saskatchewan’s diamond resources. Star Diamond holds a 100% interest in the Fort à la Corne Project, (FALC Project, which includes the Star – Orion South Diamond Project, or the “Project”). These properties are in central Saskatchewan, near established infrastructure, including paved highways and the electrical power grid, which provide significant advantages for future possible mine development. The Company also holds a 100% interest in the exploration and evaluation properties of the Buffalo Hills Diamond Project (the “BH Project”) located approximately 400 kilometres northwest of Edmonton, Alberta, Canada.

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