Lucara Diamond (TSE:LUC) Stock Falls 15.4% – Here’s What Happened

Lucara Diamond Corp. (TSE:LUC) shares fell 15.4% on Wednesday. The company traded as low as C$0.10 and last traded at C$0.11. Approximately 730,924 shares were traded during mid-day trading, an increase of 41% from the average daily volume of 519,589 shares. The stock had previously closed at C$0.13.

Lucara Diamond Stock Performance

The firm has a fifty day simple moving average of C$0.16 and a 200-day simple moving average of C$0.20. 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 company has a market cap of C$164.22 million, a PE ratio of 3.67, a price-to-earnings-growth ratio of -0.81 and a beta of 0.29.

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