Star Diamond (TSE:DIAM) Stock Price Down 11.1% – What’s Next?

Shares of Star Diamond Co. (TSE:DIAM) fell 11.1% on Tuesday . The company traded as low as C$0.02 and last traded at C$0.02. 131,564 shares traded hands during trading, a decline of 37% from the average daily volume of 208,442 shares. The stock had previously closed at C$0.02.

Star Diamond Stock Down 11.1%

The stock has a market capitalization of C$15.48 million, a price-to-earnings ratio of -2.00 and a beta of -0.59. The company has a quick ratio of 17.99, a current ratio of 2.06 and a debt-to-equity ratio of 2.05. The firm has a 50-day moving average of C$0.02 and a two-hundred day moving average of C$0.03.

About Star Diamond

Star Diamond is a Canadian natural resource company focused on exploring and evaluating Saskatchewan’s diamond resources. Star Diamond holds a 100% interest in the Fort à la Corne Project, (FALC Project, which includes the Star – Orion South Diamond Project, or the “Project”). These properties are in central Saskatchewan, near established infrastructure, including paved highways and the electrical power grid, which provide significant advantages for future possible mine development. The Company also holds a 100% interest in the exploration and evaluation properties of the Buffalo Hills Diamond Project (the “BH Project”) located approximately 400 kilometres northwest of Edmonton, Alberta, Canada.