Lucara Diamond (TSE:LUC) Shares Down 12% - Time to Sell?

Key Points

• Shares fell 12% to about C$0.22 on Thursday with 191,410 shares traded, a 53% decline from average session volume, signaling a notable intraday sell-off.
• Financial snapshot: market cap C$312.6M, P/E ratio 3.50 and P/E/G -0.81; the company reported C$0.02 EPS and C$44.8M revenue last quarter, while debt-to-equity is 70.75 and the current ratio is 1.47.
• Company profile: Lucara owns and operates the 100%‑owned Karowe Diamond Mine in Botswana, focused on producing large, exceptional-quality Type IIa diamonds.

Lucara Diamond Corp. (TSE:LUC - Get Free Report) traded down 12% on Thursday . The company traded as low as C$0.21 and last traded at C$0.22. 191,410 shares were traded during trading, a decline of 53% from the average session volume of 404,885 shares. The stock had previously closed at C$0.25.

Lucara Diamond Price Performance

The company has a 50 day moving average of C$0.27 and a 200-day moving average of C$0.22. The firm has a market capitalization of C$312.60 million, a P/E ratio of 3.50, a P/E/G ratio of -0.81 and a beta of 0.42. The company has a current ratio of 1.47, a quick ratio of 1.42 and a debt-to-equity ratio of 70.75.

Lucara Diamond (TSE:LUC - Get Free Report) last issued its quarterly earnings data on Wednesday, March 4th. The company reported C$0.02 EPS for the quarter. Lucara Diamond had a return on equity of 8.77% and a net margin of 16.43%.The firm had revenue of C$44.80 million for the quarter. On average, sell-side analysts predict that Lucara Diamond Corp. will post 0.1616162 EPS for the current year.

Lucara Diamond Company Profile

Lucara is a leading independent producer of large exceptional quality Type IIa diamonds from its 100% owned Karowe Diamond Mine in Botswana. The Karowe Mine has been in production since 2012 and is the focus of the Company's operations and development activities. Lucara has an experienced board of directors (the "Board") and management team with extensive diamond development and operations expertise. Lucara and its subsidiaries operate transparently and in accordance with international best practices in the areas of sustainability, health and safety, environment, and community relations.

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