Star Diamond (TSE:DIAM) Trading 20% Higher – Here’s Why

Star Diamond Co. (TSE:DIAM)’s share price traded up 20% on Wednesday . The stock traded as high as C$0.03 and last traded at C$0.03. 147,323 shares traded hands during mid-day trading, a decline of 40% from the average session volume of 246,831 shares. The stock had previously closed at C$0.03.

Star Diamond Price Performance

The company has a current ratio of 2.06, a quick ratio of 17.99 and a debt-to-equity ratio of 2.05. The company has a market cap of C$19.35 million, a PE ratio of -2.50 and a beta of -0.25. The firm has a 50 day moving average of C$0.03 and a two-hundred day moving average of C$0.03.

Star Diamond (TSE:DIAM) last posted its quarterly earnings results on Monday, March 30th. The company reported C$0.00 earnings per share for the quarter.

About Star Diamond

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.