Lucara Diamond (TSE:LUC) Sets New 12-Month Low – Here’s Why

Shares of Lucara Diamond Corp. (TSE:LUC) reached a new 52-week low on Thursday . The company traded as low as C$0.15 and last traded at C$0.16, with a volume of 545150 shares trading hands. The stock had previously closed at C$0.15.

Lucara Diamond Stock Performance

The stock has a 50 day moving average price of C$0.23 and a two-hundred day moving average price of C$0.23. The company has a current ratio of 11.26, a quick ratio of 1.42 and a debt-to-equity ratio of 85.84. The company has a market cap of C$231.11 million, a price-to-earnings ratio of 3.10, a P/E/G ratio of -0.81 and a beta of 0.28.

Lucara Diamond (TSE:LUC) last posted its quarterly earnings results on Thursday, May 7th. The company reported C($0.01) earnings per share for the quarter. The company had revenue of C$30.29 million during the quarter. Lucara Diamond had a net margin of 7.98% and a return on equity of 3.63%. Analysts predict that Lucara Diamond Corp. will post 0.1616162 EPS for the current year.

About Lucara Diamond

Lucara is a leading independent producer of large exceptional quality Type IIa diamonds from its 100% owned Karowe Diamond Mine in Botswana. The Karowe Mine has been in production since 2012 and is the focus of the Company’s operations and development activities. Lucara has an experienced board of directors (the “Board”) and management team with extensive diamond development and operations expertise. Lucara and its subsidiaries operate transparently and in accordance with international best practices in the areas of sustainability, health and safety, environment, and community relations.