Lucara Diamond (TSE:LUC) Reaches New 52-Week Low – What’s Next?

Lucara Diamond Corp. (TSE:LUC)’s share price hit a new 52-week low during trading on Monday. The stock traded as low as C$0.13 and last traded at C$0.12, with a volume of 1,240,617 shares trading hands. The stock had previously closed at C$0.13.

Lucara Diamond Stock Performance

The stock has a 50 day moving average price of C$0.16 and a two-hundred day moving average price of C$0.18. The company has a current ratio of 9.89, a quick ratio of 1.42 and a debt-to-equity ratio of 91.39. The company has a market cap of C$186.62 million, a price-to-earnings ratio of 4.17, a P/E/G ratio of -0.81 and a beta of 0.29.

Lucara Diamond (TSE:LUC) last announced its quarterly earnings data on Friday, August 7th. The company reported C$0.02 EPS for the quarter. Lucara Diamond had a return on equity of 4.15% and a net margin of 10.15%. The business had revenue of C$58.29 million during the quarter. Analysts predict that Lucara Diamond Corp. will post 0.16 EPS for the current year.

About Lucara Diamond

Lucara is a leading independent producer of large exceptional quality Type IIa diamonds from its 100% owned Karowe Diamond Mine in Botswana. The Karowe Mine has been in production since 2012 and is the focus of the Company’s operations and development activities. Lucara has an experienced board of directors (the “Board”) and management team with extensive diamond development and operations expertise. Lucara and its subsidiaries operate transparently and in accordance with international best practices in the areas of sustainability, health and safety, environment, and community relations.