Lucara Diamond (TSE:LUC) Stock Price Up 14.5% – Here’s What Happened

Lucara Diamond Corp. (TSE:LUC)’s share price was up 14.5% during trading on Wednesday . The company traded as high as C$0.41 and last traded at C$0.40. Approximately 63,870 shares changed hands during trading, an increase of 68% from the average daily volume of 38,076 shares. The stock had previously closed at C$0.35.

Wall Street Analysts Forecast Growth

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

Lucara Diamond Price Performance

The stock’s fifty day moving average price is C$0.44 and its 200-day moving average price is C$0.44. The firm has a market cap of C$179.60 million, a PE ratio of -5.57, a price-to-earnings-growth ratio of -0.81 and a beta of 1.38. The company has a debt-to-equity ratio of 87.66, a current ratio of 1.37 and a quick ratio of 1.42.

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.