Lucara Diamond (TSE:LUC) Shares Pass Below 200 Day Moving Average – Time to Sell?

Lucara Diamond Corp. (TSE:LUC) shares passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$0.42 and traded as low as C$0.42. Lucara Diamond shares last traded at C$0.42, with a volume of 85,000 shares changing hands.

Analyst Upgrades and Downgrades

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

Lucara Diamond Stock Up 9.6 %

The company has a market capitalization of C$209.53 million, a price-to-earnings ratio of -6.50, a P/E/G 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. The firm has a 50 day moving average price of C$0.50 and a two-hundred day moving average price of C$0.42.

Lucara Diamond Company Profile

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.