Star Diamond (TSE:DIAM) Reaches New 52-Week Low – Time to Sell?

Shares of Star Diamond Co. (TSE:DIAMGet Free Report) hit a new 52-week low during mid-day trading on Monday . The stock traded as low as C$0.02 and last traded at C$0.02, with a volume of 17793 shares trading hands. The stock had previously closed at C$0.02.

Star Diamond Stock Performance

The business has a fifty day simple moving average of C$0.02 and a two-hundred day simple moving average of C$0.03. The company has a debt-to-equity ratio of 2.05, a current ratio of 2.06 and a quick ratio of 17.99. The company has a market cap of C$15.48 million, a PE ratio of -2.00 and a beta of -0.59.

Star Diamond Company Profile

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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.

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