Diamcor Mining (OTCMKTS:DMIFF) Shares Cross Below 50-Day Moving Average – Time to Sell?

Shares of Diamcor Mining (OTCMKTS:DMIFF) crossed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $0.01 and traded as low as $0.0033. Diamcor Mining shares last traded at $0.0123, with a volume of 53,356 shares trading hands.

Diamcor Mining Stock Up 16.0%

The firm’s fifty day moving average price is $0.01 and its 200-day moving average price is $0.01. The stock has a market cap of $2.07 million, a P/E ratio of -1.23 and a beta of 1.67.

About Diamcor Mining

Diamcor Mining Inc is a Canada-based natural diamond producer primarily engaged in the recovery of alluvial diamonds from its Krone-Endora at Venetia project in the Northern Cape Province of South Africa. The company focuses on the exploration, development and operation of a gravel wash plant that processes material from historic alluvial diamond deposits located on De Beers’ Venetia Mine concession. Diamcor’s operations are designed to recover gem-quality rough diamonds of various sizes and qualities for the global diamond market.

The company employs a combination of dry screening, dense media separation and X-ray diamond recovery (“XRT”) technology to maximize diamond liberation and improve overall recovery rates.