Lucara Diamond (TSE:LUC) Sets New 52-Week Low at $0.89
Lucara Diamond Corp (TSE:LUC)’s stock price hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as C$0.89 and last traded at C$0.90, with a volume of 289246 shares. The stock had previously closed at C$0.94.
Several research analysts recently issued reports on LUC shares. Berenberg Bank dropped their price objective on Lucara Diamond from C$1.50 to C$1.40 in a research note on Tuesday, August 6th. BMO Capital Markets dropped their price objective on Lucara Diamond from C$1.80 to C$1.50 in a research note on Thursday, September 26th.
The business has a fifty day simple moving average of C$1.08 and a two-hundred day simple moving average of C$1.34. The company has a debt-to-equity ratio of 2.10, a current ratio of 3.24 and a quick ratio of 0.51. The company has a market cap of $361.14 million and a PE ratio of 49.44.
Lucara Diamond Corp., a diamond mining company, engages in the acquisition, exploration, development, and operation of diamond properties in Africa. The company operates in two segments, Karowe Mine, and Corporate and Other. It holds 100% interests in the Karowe mine, as well as two prospecting licenses located in Botswana.
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