Lucara Diamond (TSE:LUC) Sets New 12-Month Low – Here’s What Happened

Lucara Diamond Corp. (TSE:LUC)’s stock price hit a new 52-week low during trading on Tuesday. The stock traded as low as C$0.11 and last traded at C$0.11, with a volume of 2,302,000 shares. The stock had previously closed at C$0.12.

Lucara Diamond Stock Performance

The stock’s 50 day moving average is C$0.15 and its two-hundred day moving average is C$0.20. The firm has a market capitalization of C$164.22 million, a P/E ratio of 3.67, a P/E/G ratio of -0.81 and a beta of 0.03. The company has a debt-to-equity ratio of 91.39, a current ratio of 9.89 and a quick ratio of 1.42.

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. The business had revenue of C$58.29 million for the quarter. Lucara Diamond had a return on equity of 4.15% and a net margin of 10.15%. As a group, equities analysts anticipate that Lucara Diamond Corp. will post 0.16 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.