Lucara Diamond (TSE:LUC) Share Price Crosses Below 200 Day Moving Average - Time to Sell?

Key Points

• Lucara Diamond Corp. shares fell below their 200-day moving average of C$0.31, trading as low as C$0.21, indicating potential concern among investors.
• The company has a market capitalization of C$67.60 million and a negative P/E ratio of -1.99, suggesting financial challenges.
• Lucara Diamond primarily generates revenue from its Karowe Mine segment, which is central to its operations in Africa.

Lucara Diamond Corp. (TSE:LUC - )'s stock price passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$0.31 and traded as low as C$0.21. Lucara Diamond shares last traded at C$0.21, with a volume of 91,244 shares trading hands.

Lucara Diamond Price Performance

The business's 50 day moving average is C$0.23 and its 200-day moving average is C$0.31. The firm has a market capitalization of C$67.60 million, a P/E ratio of -1.99, a PEG ratio of -0.81 and a beta of 1.38. The company has a quick ratio of 1.42, a current ratio of 1.38 and a debt-to-equity ratio of 71.39.

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.

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