Lucara Diamond (TSE:LUC) Trading 15% Higher - Time to Buy?

Key Points

• Lucara Diamond Corp. saw its stock price increase by 15%, trading at C$0.23 on Tuesday, with a notable trading volume increase of 49%.
• The company has a market capitalization of C$100.10 million and a price-to-earnings ratio of 2.20, indicating potential value for investors.
• Lucara Diamond primarily generates revenue from its Karowe Mine segment, emphasizing its focus on diamond mining operations in Africa.

Lucara Diamond Corp. (TSE:LUC - )'s stock price was up 15% on Tuesday . The company traded as high as C$0.23 and last traded at C$0.23. Approximately 172,400 shares were traded during mid-day trading, an increase of 49% from the average daily volume of 115,936 shares. The stock had previously closed at C$0.20.

Lucara Diamond Trading Up 10.0%

The business's 50 day moving average price is C$0.22 and its two-hundred day moving average price is C$0.29. The company has a market capitalization of C$100.10 million, a price-to-earnings ratio of 2.20, a price-to-earnings-growth ratio of -0.81 and a beta of 0.79. The company has a debt-to-equity ratio of 71.39, a quick ratio of 1.42 and a current ratio of 1.38.

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.

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