Lucara Diamond (TSE:LUC) Share Price Passes Below 200-Day Moving Average of $1.00
Lucara Diamond Corp (TSE:LUC) shares crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $1.00 and traded as low as $0.82. Lucara Diamond shares last traded at $0.83, with a volume of 132,448 shares trading hands.
Separately, Scotiabank decreased their target price on shares of Lucara Diamond from C$2.00 to C$1.25 in a research note on Monday, December 2nd.
The company has a current ratio of 3.24, a quick ratio of 0.50 and a debt-to-equity ratio of 2.10. The stock has a market capitalization of $329.39 million and a PE ratio of -81.00. The firm has a 50 day moving average price of C$0.85 and a 200 day moving average price of C$1.00.
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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