Star Diamond (TSE:DIAM) Stock Price Down 20% – Here’s Why

Star Diamond Co. (TSE:DIAM) was down 20% during mid-day trading on Tuesday . The stock traded as low as C$0.02 and last traded at C$0.02. Approximately 140,243 shares were traded during mid-day trading, a decline of 40% from the average daily volume of 235,105 shares. The stock had previously closed at C$0.03.

Star Diamond Stock Performance

The stock has a 50 day simple moving average of C$0.03 and a 200 day simple moving average of C$0.03. The company has a quick ratio of 17.99, a current ratio of 2.06 and a debt-to-equity ratio of 2.05. The company has a market cap of C$15.48 million, a price-to-earnings ratio of -2.00 and a beta of -0.45.

Star Diamond (TSE:DIAM) last announced its earnings results on Monday, March 30th. The company reported C$0.00 EPS for the quarter.

Star Diamond Company Profile

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.