Lucara Diamond (TSE:LUC) Sets New 52-Week Low - What's Next?

Key Points

• Lucara Diamond Corp. reached a new 52-week low on Monday, trading at C$0.19 with a volume of 176,428 shares.
• The company's current market cap is C$86.45 million, and it has a low P/E ratio of 1.90, indicating potential undervaluation.
• Lucara primarily generates revenue from its Karowe Mine segment, highlighting its reliance on this key asset.

Lucara Diamond Corp. (TSE:LUC - )'s stock price reached a new 52-week low on Monday . The stock traded as low as C$0.19 and last traded at C$0.19, with a volume of 176428 shares trading hands. The stock had previously closed at C$0.19.

Lucara Diamond Price Performance

The firm's 50 day moving average price is C$0.22 and its two-hundred day moving average price is C$0.27. The company has a market cap of C$86.45 million, a P/E ratio of 1.90, a price-to-earnings-growth ratio of -0.81 and a beta of 0.67. The company has a debt-to-equity ratio of 71.39, a quick ratio of 1.42 and a current ratio of 1.38.

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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