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

Key Points

• Lucara Diamond Corp.'s stock price has fallen below its 200-day moving average, trading at C$0.20, which is below the average of C$0.28.
• The company’s current market capitalization stands at C$91 million with a P/E ratio of 2.00, indicating potential undervaluation.
• Lucara Diamond primarily generates revenue from its Karowe Mine segment, which constitutes its core business in diamond mining operations in Africa.

Lucara Diamond Corp. (TSE:LUC - )'s stock price crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$0.28 and traded as low as C$0.20. Lucara Diamond shares last traded at C$0.20, with a volume of 304,719 shares changing hands.

Lucara Diamond Stock Performance

The firm has a 50 day moving average of C$0.22 and a two-hundred day moving average of C$0.28. The stock 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. The company has a debt-to-equity ratio of 71.39, a quick ratio of 1.42 and a current ratio of 1.38.

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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