Lucara Diamond (TSE:LUC) Hits New 12-Month Low - What's Next?

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 - )'s share price hit a new 52-week low during mid-day trading 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 2.4%

The business has a 50-day moving average price of C$0.22 and a 200-day moving average price of C$0.28. The company has a market capitalization of C$91.00 million, a price-to-earnings ratio of 2.00, a price-to-earnings-growth ratio of -0.81 and a beta of 0.67. The company has a quick ratio of 1.42, a current ratio of 1.38 and a debt-to-equity ratio of 71.39.

About Lucara Diamond

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.

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