Star Diamond (TSE:DIAM) Trading 25% Higher – What’s Next?

Shares of Star Diamond Co. (TSE:DIAM) rose 25% during trading on Wednesday . The company traded as high as C$0.03 and last traded at C$0.03. Approximately 242,000 shares changed hands during mid-day trading, an increase of 18% from the average session volume of 204,370 shares. The stock had previously closed at C$0.02.

Star Diamond Price Performance

The company has a market capitalization of C$15.48 million, a price-to-earnings ratio of -2.00 and a beta of -0.41. The firm’s 50 day moving average price is C$0.02 and its two-hundred day moving average price is C$0.03. The company has a current ratio of 2.06, a quick ratio of 17.99 and a debt-to-equity ratio of 2.05.

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.