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

Lucara Diamond logo with Basic Materials background

Key Points

  • Lucara Diamond Corp. (TSE:LUC) saw its stock price drop below its 200-day moving average of C$0.30, trading as low as C$0.19 before closing at C$0.20.
  • The company has a market capitalization of C$62.77 million and a notably low price-to-earnings ratio of -1.85.
  • Lucara Diamond primarily generates revenue from its Karowe Mine segment, emphasizing its focus on diamond mining operations in Africa.
  • Looking to export and analyze Lucara Diamond data? Unlock 5 Weeks of MarketBeat All Access for Just $5. Claim Your Limited-Time Discount.

Shares of Lucara Diamond Corp. (TSE:LUC - Get Free Report) passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$0.30 and traded as low as C$0.19. Lucara Diamond shares last traded at C$0.20, with a volume of 106,750 shares.

Lucara Diamond Price Performance

The company has a debt-to-equity ratio of 71.39, a current ratio of 1.38 and a quick ratio of 1.42. The company's 50 day moving average price is C$0.23 and its 200 day moving average price is C$0.30. The firm has a market capitalization of C$65.99 million, a P/E ratio of -1.94, a PEG ratio of -0.81 and a beta of 1.38.

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.

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