Lucara Diamond (TSE:LUC) Shares Pass Below Two Hundred Day Moving Average – Time to Sell?

Shares of Lucara Diamond Corp. (TSE:LUC) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$0.42 and traded as low as C$0.42. Lucara Diamond shares last traded at C$0.42, with a volume of 85,000 shares trading hands.

Wall Street Analyst Weigh In

Separately, BMO Capital Markets cut their price target on shares of Lucara Diamond from C$0.60 to C$0.50 in a report on Friday, November 15th.

Lucara Diamond Stock Performance

The firm has a market capitalization of C$191.11 million, a PE ratio of -5.93, a PEG ratio of -0.81 and a beta of 1.38. The company has a quick ratio of 1.42, a current ratio of 1.37 and a debt-to-equity ratio of 87.66. The company has a 50-day moving average of C$0.50 and a 200 day moving average of C$0.42.

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.