Star Diamond (TSE:DIAM) Stock Price Down 16.7% – What’s Next?

Star Diamond Co. (TSE:DIAM) shares dropped 16.7% during trading on Thursday . The company traded as low as C$0.03 and last traded at C$0.03. Approximately 119,003 shares traded hands during mid-day trading, a decline of 51% from the average daily volume of 240,769 shares. The stock had previously closed at C$0.03.

Star Diamond Price Performance

The company has a current ratio of 2.06, a quick ratio of 17.99 and a debt-to-equity ratio of 2.05. The company has a market cap of C$19.35 million, a PE ratio of -2.50 and a beta of -0.25. The firm has a 50 day moving average of C$0.03 and a two-hundred day moving average of C$0.03.

Star Diamond (TSE:DIAM) last released its earnings results on Monday, March 30th. The company reported C$0.00 EPS for the quarter.

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.