Lucara Diamond Corp (TSE:LUC)’s share price traded down 4.3% during mid-day trading on Wednesday . The stock traded as low as C$2.25 and last traded at C$2.25. 510,358 shares changed hands during trading, an increase of 79% from the average session volume of 284,355 shares. The stock had previously closed at C$2.35.

Separately, Royal Bank of Canada raised shares of Lucara Diamond from a “sector perform” rating to an “outperform” rating and lifted their price target for the company from C$2.70 to C$3.00 in a report on Wednesday, November 8th.

The stock has a market cap of $899.16, a price-to-earnings ratio of 8.84 and a beta of 0.95.

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Lucara Diamond Company Profile

Lucara Diamond Corp. is a diamond mining company focused in Africa. The Company’s business consists of the acquisition, exploration, development and operation of diamond properties. Its segments include Karowe Mine, and Corporate and other. The Company holds a 100% interest in the Karowe Mine and three prospecting licenses located in Botswana.

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