Star Diamond (TSE:DIAM) Trading Down 11.1% – Here’s Why

Star Diamond Co. (TSE:DIAM) shares dropped 11.1% on Tuesday . The stock traded as low as C$0.02 and last traded at C$0.02. 131,564 shares changed hands during trading, a decline of 37% from the average session volume of 208,442 shares. The stock had previously closed at C$0.02.

Star Diamond Price Performance

The company has a market cap of C$15.48 million, a price-to-earnings ratio of -2.00 and a beta of -0.59. The company has a debt-to-equity ratio of 2.05, a quick ratio of 17.99 and a current ratio of 2.06. The stock’s fifty day moving average is C$0.02 and its two-hundred day moving average is C$0.03.

Star Diamond Company Profile

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.