Lucara Diamond (TSE:LUC) Stock Price Crosses Below 200 Day Moving Average - Here's Why

Key Points

• Lucara Diamond Corp. (TSE:LUC) stock recently fell below its 200-day moving average of C$0.27, trading as low as C$0.20.
• The company has a debt-to-equity ratio of 71.39 and a market capitalization of C$91.00 million, indicating a significant level of debt compared to equity.
• Lucara Diamond primarily generates revenue from its Karowe Mine segment, reflecting its focus on diamond mining operations in Africa.

Lucara Diamond Corp. (TSE:LUC - ) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$0.27 and traded as low as C$0.20. Lucara Diamond shares last traded at C$0.20, with a volume of 489,207 shares.

Lucara Diamond Trading Up 2.6%

The firm has a 50 day simple moving average of C$0.21 and a 200 day simple moving average of C$0.27. The company has a debt-to-equity ratio of 71.39, a quick ratio of 1.42 and a current ratio of 1.38. The firm has a market cap of C$91.00 million, a P/E ratio of 2.00, a P/E/G ratio of -0.81 and a beta of 0.67.

About Lucara Diamond

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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