Lucara Diamond (TSE:LUC) Share Price Crosses Below Two Hundred Day Moving Average - What's Next?

Key Points

• Lucara Diamond Corp. shares have fallen below their 200-day moving average of C$0.32, trading as low as C$0.24 on Thursday.
• The company has a market capitalization of C$75.65 million and a negative price-to-earnings ratio of -2.23.
• Lucara Diamond primarily generates revenue from its Karowe Mine segment, which is significant for its business operations in Africa.

Lucara Diamond Corp. (TSE:LUC - Get Free Report) crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$0.32 and traded as low as C$0.24. Lucara Diamond shares last traded at C$0.24, with a volume of 4,000 shares changing hands.

Lucara Diamond Stock Down 6.4%

The firm has a market capitalization of C$70.82 million, a price-to-earnings ratio of -2.09, a P/E/G ratio of -0.81 and a beta of 1.38. The stock has a fifty day moving average of C$0.24 and a two-hundred day moving average of C$0.31. The company has a debt-to-equity ratio of 71.39, a current ratio of 1.38 and a quick ratio of 1.42.

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.