Lucara Diamond (TSE:LUC) Sets New 52-Week Low - Here's Why

Key Points

• Lucara Diamond Corp's share price reached a new 52-week low at C$0.20, marking a decline of 2.4% from its previous close of C$0.21.
• The company has a market capitalization of C$91 million and a price-to-earnings ratio of 2.00, indicating potential valuation concerns.
• Lucara Diamond primarily generates revenue from its Karowe Mine segment, highlighting its focus in diamond mining operations in Africa.

Lucara Diamond Corp. (TSE:LUC - Get Free Report) hit a new 52-week low on Wednesday . The company traded as low as C$0.20 and last traded at C$0.20, with a volume of 304719 shares traded. The stock had previously closed at C$0.21.

Lucara Diamond Stock Down 2.5%

The company has a debt-to-equity ratio of 71.39, a quick ratio of 1.42 and a current ratio of 1.38. The stock has a market capitalization of C$88.72 million, a PE ratio of 1.95, a PEG ratio of -0.81 and a beta of 0.67. The business has a 50 day moving average of C$0.22 and a two-hundred day moving average of C$0.28.

Lucara Diamond Company Profile

Lucara Diamond Corp is a diamond mining company engaged in the development and operations of diamond properties in Africa. Its business segment includes Karowe Mine, Corporate and other. The company earns the majority of its revenue from the Karowe Mine segment.