Star Diamond (TSE:DIAM) Trading 22.2% Higher – Time to Buy?

Star Diamond Co. (TSE:DIAM)’s share price traded up 22.2% on Wednesday . The stock traded as high as C$0.06 and last traded at C$0.06. 248,066 shares traded hands during trading, a decline of 30% from the average session volume of 353,707 shares. The stock had previously closed at C$0.05.

Star Diamond Stock Performance

The company has a market capitalization of C$27.79 million, a price-to-earnings ratio of -4.50 and a beta of 1.94. The stock has a 50-day moving average price of C$0.04 and a 200-day moving average price of C$0.04. The company has a debt-to-equity ratio of 2.05, a current ratio of 2.06 and a quick ratio of 17.99.

Insiders Place Their Bets

In other news, Director Lisa K. Riley acquired 1,000,000 shares of the firm’s stock in a transaction that occurred on Friday, February 28th. The shares were acquired at an average cost of C$0.06 per share, with a total value of C$60,000.00. Company insiders own 31.00% of the company’s stock.

Star Diamond Company Profile

Star Diamond Corporation engages in the exploration, development, and production of diamonds in Canada. The company's principal mineral properties include the Star Kimberlite property and the Orion South Kimberlite property located in Fort à la Corne area of Saskatchewan, Canada. It also holds a 50% interest in the Buffalo Hills project located in north central Alberta, Canada.