Lucara Diamond (TSE:LUC) Shares Down 7.5%

Shares of Lucara Diamond Corp (TSE:LUC) dropped 7.5% during mid-day trading on Tuesday . The company traded as low as C$0.97 and last traded at C$0.98, approximately 320,764 shares traded hands during trading. An increase of 8% from the average daily volume of 296,636 shares. The stock had previously closed at C$1.06.

LUC has been the topic of a number of analyst reports. BMO Capital Markets lowered their target price on shares of Lucara Diamond from C$1.80 to C$1.50 in a report on Thursday, September 26th. Berenberg Bank lowered their target price on shares of Lucara Diamond from C$1.50 to C$1.40 in a report on Tuesday, August 6th.

The business’s 50-day moving average price is C$1.09 and its 200 day moving average price is C$1.35. The stock has a market capitalization of $373.05 million and a PE ratio of 50.56. The company has a debt-to-equity ratio of 2.10, a quick ratio of 0.51 and a current ratio of 3.24.

About Lucara Diamond (TSE:LUC)

Lucara Diamond Corp., a diamond mining company, engages in the acquisition, exploration, development, and operation of diamond properties in Africa. The company operates in two segments, Karowe Mine, and Corporate and Other. It holds 100% interests in the Karowe mine, as well as two prospecting licenses located in Botswana.

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