Star Diamond (TSE:DIAM) Reaches New 1-Year Low – Should You Sell?

Star Diamond Co. (TSE:DIAM) shares hit a new 52-week low on Wednesday . The stock traded as low as C$0.02 and last traded at C$0.03, with a volume of 63628 shares traded. The stock had previously closed at C$0.02.

Star Diamond Trading Up 25.0%

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 stock’s 50 day moving average price is C$0.02 and its 200-day moving average price is C$0.03. The stock has a market capitalization of C$19.35 million, a P/E ratio of -2.50 and a beta of -0.57.

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.