Lucara Diamond (TSE:LUC) Stock Passes Above 200-Day Moving Average – What’s Next?

Lucara Diamond Corp. (TSE:LUC) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$0.41 and traded as high as C$0.55. Lucara Diamond shares last traded at C$0.52, with a volume of 1,557,229 shares trading hands.

Analysts Set New Price Targets

Separately, BMO Capital Markets lowered their price target on shares of Lucara Diamond from C$0.60 to C$0.50 in a research report on Friday, November 15th.

Lucara Diamond Stock Down 5.5 %

The firm’s 50 day simple moving average is C$0.50 and its 200 day simple moving average is C$0.41. The company has a market cap of C$239.46 million, a price-to-earnings ratio of -7.43, a price-to-earnings-growth ratio of -0.81 and a beta of 1.38. The company has a quick ratio of 1.42, a current ratio of 1.37 and a debt-to-equity ratio of 87.66.

About Lucara Diamond

Lucara Diamond Corp., a diamond mining company, engages in the development and operation of diamond properties in Africa. The company holds 100% interests in the Karowe mine located in Botswana. It also operates Clara Platform, a digital sales platform for rough diamonds. The company was formerly known as Bannockburn Resources Limited and changed its name to Lucara Diamond Corp.