Star Diamond (TSE:DIAM) Trading Up 25% – Here’s What Happened

Star Diamond Co. (TSE:DIAMGet Free Report) shares shot up 25% during trading on Monday . The company traded as high as C$0.03 and last traded at C$0.03. Approximately 163,126 shares were traded during trading, a decline of 26% from the average session volume of 221,065 shares. The stock had previously closed at C$0.02.

Star Diamond Trading Up 25.0%

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 fifty day simple moving average of C$0.03 and a 200-day simple moving average of C$0.03. The company has a market capitalization of C$19.35 million, a PE ratio of -2.50 and a beta of -0.57.

Star Diamond Company Profile

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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.

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