Star Diamond Co. (TSE:DIAM – Get Free Report) shares dropped 12.5% during mid-day trading on Tuesday. The company traded as low as C$0.01 and last traded at C$0.02. 281,800 shares were traded during trading, an increase of 41% from the average daily volume of 199,598 shares. The stock had previously closed at C$0.02.
Star Diamond Stock Down 12.5%
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 50-day simple moving average of C$0.02 and a 200 day simple moving average of C$0.03. The company has a market cap of C$13.54 million, a P/E ratio of -1.75 and a beta of -0.34.
About Star Diamond
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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