Lucara Diamond (TSE:LUC) Stock Price Passes Below Two Hundred Day Moving Average - Should You Sell?

Key Points

• Lucara Diamond Corp. shares have dropped below their 200-day moving average, trading around C$0.21 after hitting a low of C$0.20.
• The company has a market capitalization of C$65.99 million and a significant debt-to-equity ratio of 71.39, indicating potential financial strain.
• Lucara Diamond primarily generates its revenue from its Karowe Mine in Africa, which is a key component of its operations.

Lucara Diamond Corp. (TSE:LUC - ) shares passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$0.30 and traded as low as C$0.20. Lucara Diamond shares last traded at C$0.21, with a volume of 88,524 shares traded.

Lucara Diamond Trading Up 2.5%

The firm has a 50-day moving average of C$0.23 and a 200-day moving average of C$0.30. 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 capitalization of C$65.99 million, a P/E ratio of -1.94, a price-to-earnings-growth ratio of -0.81 and a beta 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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