Star Diamond (TSE:DIAM) Trading 22.2% Higher – Here’s Why

Star Diamond Co. (TSE:DIAM)’s stock price traded up 22.2% during trading on Wednesday . The company traded as high as C$0.06 and last traded at C$0.06. 248,066 shares changed hands during trading, a decline of 30% from the average session volume of 353,707 shares. The stock had previously closed at C$0.05.

Star Diamond Stock Performance

The company has a current ratio of 2.06, a quick ratio of 17.99 and a debt-to-equity ratio of 2.05. The firm has a market capitalization of C$30.88 million, a PE ratio of -5.00 and a beta of 1.94. The business’s 50 day simple moving average is C$0.04 and its two-hundred day simple moving average is C$0.04.

Insider Activity at Star Diamond

In related news, Director Lisa K. Riley acquired 1,000,000 shares of Star Diamond stock in a transaction dated Friday, February 28th. The stock was acquired at an average price of C$0.06 per share, for a total transaction of C$60,000.00. 31.00% of the stock is currently owned by corporate insiders.

About Star Diamond

Star Diamond Corporation engages in the exploration, development, and production of diamonds in Canada. The company's principal mineral properties include the Star Kimberlite property and the Orion South Kimberlite property located in Fort à la Corne area of Saskatchewan, Canada. It also holds a 50% interest in the Buffalo Hills project located in north central Alberta, Canada.