Lucara Diamond (TSE:LUC) Price Target Lowered to C$0.50 at BMO Capital Markets

Lucara Diamond (TSE:LUC) had its price target trimmed by BMO Capital Markets from C$0.60 to C$0.50 in a research report sent to investors on Friday morning,BayStreet.CA reports.

Lucara Diamond Stock Performance

Shares of Lucara Diamond stock opened at C$0.46 on Friday. Lucara Diamond has a 52 week low of C$0.29 and a 52 week high of C$0.63. The company has a debt-to-equity ratio of 87.66, a quick ratio of 1.42 and a current ratio of 1.37. The stock has a market capitalization of C$211.83 million, a price-to-earnings ratio of -6.57, a PEG ratio of -0.81 and a beta of 1.38. The firm has a fifty day moving average of C$0.47 and a two-hundred day moving average of C$0.39.

Lucara Diamond Company Profile

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.