Lucara Diamond (TSE:LUC) Stock Price Up 11.1% – Here’s What Happened

Lucara Diamond Corp. (TSE:LUC)’s stock price was up 11.1% during mid-day trading on Thursday. The company traded as high as C$0.15 and last traded at C$0.15. 903,045 shares were traded during mid-day trading, an increase of 92% from the average daily volume of 471,033 shares. The stock had previously closed at C$0.14.

Lucara Diamond Trading Up 11.1%

The company has a fifty day simple moving average of C$0.17 and a two-hundred day simple moving average of C$0.19. The company has a market capitalization of C$223.94 million, a P/E ratio of 5.00, a price-to-earnings-growth ratio of -0.81 and a beta of 0.29. The company has a debt-to-equity ratio of 91.39, a current ratio of 9.89 and a quick ratio of 1.42.

Lucara Diamond (TSE:LUC) last posted its quarterly earnings data on Friday, August 7th. The company reported C$0.02 earnings per share (EPS) for the quarter. Lucara Diamond had a net margin of 10.15% and a return on equity of 4.15%. The business had revenue of C$58.29 million during the quarter. On average, analysts forecast that Lucara Diamond Corp. will post 0.1616162 earnings per share for the current fiscal year.

Lucara Diamond Company Profile

Lucara is a leading independent producer of large exceptional quality Type IIa diamonds from its 100% owned Karowe Diamond Mine in Botswana. The Karowe Mine has been in production since 2012 and is the focus of the Company’s operations and development activities. Lucara has an experienced board of directors (the “Board”) and management team with extensive diamond development and operations expertise. Lucara and its subsidiaries operate transparently and in accordance with international best practices in the areas of sustainability, health and safety, environment, and community relations.