Stornoway Diamond Co. (TSE:SWY) to Release Earnings on Monday

Stornoway Diamond Co. (TSE:SWY) is scheduled to be releasing its earnings data before the market opens on Monday, August 14th. Analysts expect Stornoway Diamond to post earnings of ($0.01) per share for the quarter.

Stornoway Diamond Co. (SWY) opened at 0.78 on Friday. The stock has a market cap of $646.36 million and a P/E ratio of 16.25. Stornoway Diamond Co. has a one year low of $0.69 and a one year high of $1.33. The company’s 50-day moving average price is $0.79 and its 200-day moving average price is $0.83.

In related news, Director Patrick Godin sold 250,000 shares of Stornoway Diamond stock in a transaction that occurred on Tuesday, July 25th. The shares were sold at an average price of C$0.82, for a total transaction of C$205,000.00.

Several equities analysts recently issued reports on SWY shares. TD Securities cut their price objective on shares of Stornoway Diamond from C$0.95 to C$0.90 and set a “hold” rating on the stock in a report on Thursday, May 11th. Royal Bank Of Canada lowered shares of Stornoway Diamond from an “outperform” rating to a “sector perform” rating and cut their price objective for the company from C$1.30 to C$0.90 in a report on Monday, July 10th.

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About Stornoway Diamond

Stornoway Diamond Corp is a Canada-based diamond exploration and development company. The Company is principally engaged in the acquisition, exploration and development of diamond properties. The Company’s principal focus is its Renard Diamond Project located in north-central Quebec, a project in construction.

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