Lucara Diamond (TSE:LUC) Reaches New 52-Week Low – Here’s Why

Lucara Diamond Corp. (TSE:LUC)’s stock price reached a new 52-week low during trading on Tuesday. The company traded as low as C$0.14 and last traded at C$0.15, with a volume of 164,762 shares. The stock had previously closed at C$0.15.

Lucara Diamond Price Performance

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

Lucara Diamond (TSE:LUC) last posted its quarterly earnings data 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 firm had revenue of C$58.29 million during the quarter. On average, equities analysts forecast 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.