Stornoway Diamond (SWY) Reaches New 1-Year Low at $0.51

Stornoway Diamond Co. (TSE:SWY)’s share price hit a new 52-week low during mid-day trading on Thursday . The company traded as low as C$0.51 and last traded at C$0.52, with a volume of 369730 shares trading hands. The stock had previously closed at C$0.53.

SWY has been the subject of a number of research analyst reports. TD Securities cut their price target on shares of Stornoway Diamond from C$0.85 to C$0.80 and set a “hold” rating for the company in a report on Monday, November 6th. BMO Capital Markets cut their price target on shares of Stornoway Diamond from C$0.80 to C$0.60 and set a “market perform” rating for the company in a report on Monday, January 22nd.

The company has a market cap of $442.69, a price-to-earnings ratio of 8.83 and a beta of 0.81.

In other Stornoway Diamond news, Director Patrick Godin bought 61,500 shares of the company’s stock in a transaction on Monday, November 27th. The stock was purchased at an average cost of C$0.70 per share, for a total transaction of C$43,050.00.

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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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