Lucara Diamond (TSE:LUC) Shares Cross Below 200 Day Moving Average – What’s Next?

Lucara Diamond Corp. (TSE:LUC)’s stock price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$0.21 and traded as low as C$0.18. Lucara Diamond shares last traded at C$0.18, with a volume of 26,006 shares changing hands.

Lucara Diamond Price Performance

The company has a debt-to-equity ratio of 71.39, a quick ratio of 1.42 and a current ratio of 1.38. The stock has a market capitalization of C$82.05 million, a price-to-earnings ratio of 1.64, a price-to-earnings-growth ratio of -0.81 and a beta of 0.67. The business’s 50 day simple moving average is C$0.18 and its 200-day simple moving average is C$0.21.

Lucara Diamond (TSE:LUC) last announced its quarterly earnings results on Thursday, November 13th. The company reported C$0.02 EPS for the quarter. The company had revenue of C$71.34 million for the quarter. Lucara Diamond had a negative net margin of 20.70% and a negative return on equity of 13.99%. Research analysts anticipate that Lucara Diamond Corp. will post 0.1616162 earnings per share for the current year.

About Lucara Diamond

Lucara Diamond Corp is a diamond mining company engaged in the development and operations of diamond properties in Africa. Its business segment includes Karowe Mine, Corporate and other. The company earns the majority of its revenue from the Karowe Mine segment.