Lucara Diamond (TSE:LUC) Share Price Passes Below Two Hundred Day Moving Average – Here’s Why

Shares of Lucara Diamond Corp. (TSE:LUC) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$0.20 and traded as low as C$0.17. Lucara Diamond shares last traded at C$0.17, with a volume of 588,750 shares.

Lucara Diamond Stock Up 1.4%

The stock has a market cap of C$261.27 million, a price-to-earnings ratio of 5.83, a PEG ratio of -0.81 and a beta of 0.56. The stock has a 50 day simple moving average of C$0.16 and a 200 day simple moving average of C$0.20. The company has a quick ratio of 1.42, a current ratio of 9.89 and a debt-to-equity ratio of 91.39.

Lucara Diamond (TSE:LUC) last posted its quarterly earnings results on Friday, August 7th. The company reported C$0.02 earnings per share (EPS) for the quarter. Lucara Diamond had a net margin of 10.15% and a return on equity of 4.15%. The business had revenue of C$58.29 million during the quarter. As a group, analysts expect that Lucara Diamond Corp. will post 0.1616162 earnings per share for the current fiscal 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.