Lucara Diamond (TSE:LUC) Shares Climb 11.1% – Here’s What Happened

Lucara Diamond Corp. (TSE:LUC) shares rose 11.1% on Thursday. The company traded as high as C$0.15 and last traded at C$0.15. 903,045 shares were traded during mid-day trading, an increase of 92% from the average session volume of 471,033 shares. The stock had previously closed at C$0.14.

Lucara Diamond Price Performance

The company has a market capitalization of C$223.94 million, a P/E ratio of 5.00, a price-to-earnings-growth ratio of -0.81 and a beta of 0.29. The company has a debt-to-equity ratio of 91.39, a current ratio of 9.89 and a quick ratio of 1.42. The company’s 50-day moving average price is C$0.17 and its two-hundred day moving average price is C$0.19.

Lucara Diamond (TSE:LUC) last issued its quarterly earnings data on Friday, August 7th. The company reported C$0.02 earnings per share (EPS) for the quarter. The firm had revenue of C$58.29 million during the quarter. Lucara Diamond had a net margin of 10.15% and a return on equity of 4.15%. As a group, sell-side analysts expect that Lucara Diamond Corp. will post 0.16 EPS for the current 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.