Star Diamond (TSE:DIAM) Stock Price Down 16.7% – What’s Next?

Star Diamond Co. (TSE:DIAM)’s share price dropped 16.7% during mid-day trading on Thursday . The stock traded as low as C$0.03 and last traded at C$0.03. Approximately 119,003 shares changed hands during mid-day trading, a decline of 51% from the average daily volume of 240,769 shares. The stock had previously closed at C$0.03.

Star Diamond Trading Down 16.7%

The firm’s 50 day moving average price is C$0.03 and its 200-day moving average price is C$0.03. The company has a debt-to-equity ratio of 2.05, a current ratio of 2.06 and a quick ratio of 17.99. The stock has a market cap of C$19.35 million, a P/E ratio of -2.50 and a beta of -0.25.

Star Diamond (TSE:DIAM) last announced 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.