Lucara Diamond (TSE:LUC) Trading Up 10.5% – Here’s What Happened

Lucara Diamond Corp. (TSE:LUC)’s stock price was up 10.5% during mid-day trading on Monday . The stock traded as high as C$0.44 and last traded at C$0.42. Approximately 300,847 shares changed hands during trading, an increase of 109% from the average daily volume of 143,857 shares. The stock had previously closed at C$0.38.

Wall Street Analysts Forecast Growth

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

Lucara Diamond Price Performance

The business’s fifty day moving average price is C$0.41 and its 200-day moving average price is C$0.44. The company has a market capitalization of C$130.37 million, a P/E ratio of -3.84, a P/E/G ratio of -0.81 and a beta of 1.38. The company has a current ratio of 1.38, a quick ratio of 1.42 and a debt-to-equity ratio of 71.39.

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.