Star Diamond (TSE:DIAM) Shares Climb 33.3% – What’s Next?

Star Diamond Co. (TSE:DIAM) shares shot up 33.3% on Wednesday. The company traded as high as C$0.02 and last traded at C$0.02. 281,151 shares were traded during mid-day trading, an increase of 41% from the average session volume of 199,851 shares. The stock had previously closed at C$0.01.

Star Diamond Stock Performance

The stock has a market cap of C$15.48 million, a P/E ratio of -2.00 and a beta of -0.48. The company has a debt-to-equity ratio of 2.05, a current ratio of 2.06 and a quick ratio of 17.99. The stock’s 50 day simple moving average is C$0.02 and its two-hundred day simple moving average is C$0.03.

Star Diamond Company Profile

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.