Lucara Diamond (TSE:LUC) Shares Down 13.3% – What’s Next?

Lucara Diamond Corp. (TSE:LUC)’s share price traded down 13.3% during trading on Thursday. The stock traded as low as C$0.13 and last traded at C$0.13. Approximately 1,155,668 shares changed hands during trading, an increase of 145% from the average session volume of 472,017 shares. The stock had previously closed at C$0.15.

Lucara Diamond Stock Performance

The company has a quick ratio of 1.42, a current ratio of 9.89 and a debt-to-equity ratio of 91.39. The stock has a market cap of C$201.55 million, a P/E ratio of 4.50, a price-to-earnings-growth ratio of -0.81 and a beta of 0.29. The firm’s 50-day moving average is C$0.17 and its two-hundred day moving average is C$0.19.

Lucara Diamond (TSE:LUC) last released its quarterly earnings results on Friday, August 7th. The company reported C$0.02 earnings per share (EPS) for the quarter. Lucara Diamond had a return on equity of 4.15% and a net margin of 10.15%. The company had revenue of C$58.29 million during the quarter. As a group, research analysts expect that Lucara Diamond Corp. will post 0.16 EPS for the current year.

About Lucara Diamond

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.