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Lucara Diamond (TSE:LUC) Stock Passes Below Two Hundred Day Moving Average - Time to Sell?

Lucara Diamond logo with Basic Materials background

Key Points

  • Lucara Diamond Corp. shares have fallen below their 200-day moving average of C$0.28, currently trading at C$0.20.
  • The company has a market capitalization of C$88.72 million and a low price-to-earnings (P/E) ratio of 1.95.
  • Lucara Diamond primarily generates revenue from its Karowe Mine segment, which is crucial to its operations in Africa.
  • Interested in Lucara Diamond? Here are five stocks we like better.

Lucara Diamond Corp. (TSE:LUC - Get Free Report) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$0.28 and traded as low as C$0.20. Lucara Diamond shares last traded at C$0.20, with a volume of 86,120 shares traded.

Lucara Diamond Price Performance

The stock has a market capitalization of C$86.45 million, a PE ratio of 1.90, a PEG ratio of -0.81 and a beta of 0.67. The company has a current ratio of 1.38, a quick ratio of 1.42 and a debt-to-equity ratio of 71.39. The company's 50 day simple moving average is C$0.22 and its 200 day simple moving average is C$0.27.

Lucara Diamond Company Profile

(Get Free Report)

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.

Further Reading

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