Lucara Diamond (TSE:LUC) Shares Down 4.1% – Should You Sell?

Lucara Diamond Corp. (TSE:LUC)’s share price was down 4.1% during mid-day trading on Friday . The stock traded as low as C$0.47 and last traded at C$0.47. Approximately 39,301 shares traded hands during trading, a decline of 73% from the average daily volume of 146,529 shares. The stock had previously closed at C$0.49.

Lucara Diamond Stock Up 2.0 %

The firm has a fifty day simple moving average of C$0.41 and a 200-day simple moving average of C$0.36. The firm has a market cap of C$230.25 million, a price-to-earnings ratio of -7.14, a P/E/G ratio of -0.81 and a beta of 1.38. The company has a debt-to-equity ratio of 87.66, a quick ratio of 1.42 and a current ratio of 1.37.

Lucara Diamond (TSE:LUC) last announced its quarterly earnings results on Friday, August 9th. The company reported C$0.04 earnings per share (EPS) for the quarter. Lucara Diamond had a negative return on equity of 9.13% and a negative net margin of 12.74%. The business had revenue of C$56.50 million during the quarter. As a group, sell-side analysts expect that Lucara Diamond Corp. will post 0.1616162 EPS for the current year.

About Lucara Diamond

Lucara Diamond Corp., a diamond mining company, engages in the development and operation of diamond properties in Africa. The company holds 100% interests in the Karowe mine located in Botswana. It also operates Clara Platform, a digital sales platform for rough diamonds. The company was formerly known as Bannockburn Resources Limited and changed its name to Lucara Diamond Corp.