Shares of Star Diamond Co. (TSE:DIAM – Get Free Report) rose 25% on Wednesday . The company traded as high as C$0.03 and last traded at C$0.03. Approximately 242,000 shares changed hands during trading, an increase of 18% from the average daily volume of 204,370 shares. The stock had previously closed at C$0.02.
Star Diamond Price Performance
The firm has a fifty day simple moving average of C$0.02 and a 200-day simple moving average of C$0.03. The firm has a market cap of C$15.48 million, a price-to-earnings ratio of -2.00 and a beta of -0.41. The company has a debt-to-equity ratio of 2.05, a quick ratio of 17.99 and a current ratio of 2.06.
About Star Diamond
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.
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