Star Diamond (TSE:DIAM) Trading Down 20% – What’s Next?

Shares of Star Diamond Co. (TSE:DIAM) fell 20% on Tuesday . The stock traded as low as C$0.02 and last traded at C$0.02. 105,244 shares were traded during trading, a decline of 50% from the average daily volume of 211,641 shares. The stock had previously closed at C$0.03.

Star Diamond Stock Performance

The firm’s fifty day moving average price is C$0.02 and its 200-day moving average price is C$0.03. The company has a current ratio of 2.06, a quick ratio of 17.99 and a debt-to-equity ratio of 2.05. The firm has a market cap of C$15.48 million, a price-to-earnings ratio of -2.00 and a beta of -0.59.

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.