Star Diamond (TSE:DIAM) Stock Price Down 20% – Time to Sell?

Star Diamond Co. (TSE:DIAM) shares dropped 20% on Friday . The company traded as low as C$0.02 and last traded at C$0.02. 552,278 shares changed hands during trading, an increase of 162% from the average daily volume of 210,449 shares. The stock had previously closed at C$0.03.

Star Diamond Stock Down 20.0%

The stock has a market capitalization of C$15.48 million, a price-to-earnings ratio of -2.00 and a beta of -0.57. The company has a quick ratio of 17.99, a current ratio of 2.06 and a debt-to-equity ratio of 2.05. The business’s 50-day moving average is C$0.02 and its two-hundred day moving average is C$0.03.

About Star Diamond

Star Diamond is a Canadian natural resource company focused on exploring and evaluating Saskatchewan’s diamond resources. Star Diamond holds a 100% interest in the Fort à la Corne Project, (FALC Project, which includes the Star – Orion South Diamond Project, or the “Project”). These properties are in central Saskatchewan, near established infrastructure, including paved highways and the electrical power grid, which provide significant advantages for future possible mine development. The Company also holds a 100% interest in the exploration and evaluation properties of the Buffalo Hills Diamond Project (the “BH Project”) located approximately 400 kilometres northwest of Edmonton, Alberta, Canada.