Lucara Diamond (TSE:LUC) Shares Down 1.8% – What’s Next?

Shares of Lucara Diamond Corp. (TSE:LUC) fell 1.8% during trading on Friday . The stock traded as low as C$0.55 and last traded at C$0.55. 83,689 shares were traded during trading, a decline of 60% from the average session volume of 209,618 shares. The stock had previously closed at C$0.56.

Wall Street Analysts Forecast Growth

Separately, BMO Capital Markets reduced their price target on shares of Lucara Diamond from C$0.60 to C$0.50 in a report on Friday, November 15th.

Lucara Diamond Stock Performance

The stock’s 50 day moving average is C$0.49 and its two-hundred day moving average is C$0.40. The stock has a market capitalization of C$253.28 million, a price-to-earnings ratio of -7.86, a price-to-earnings-growth ratio of -0.81 and a beta of 1.38. The company has a current ratio of 1.37, a quick ratio of 1.42 and a debt-to-equity ratio of 87.66.

About Lucara Diamond

Lucara Diamond Corp., a diamond mining company, engages in the development and operation of diamond properties in Africa. The company holds 100% interests in the Karowe mine located in Botswana. It also operates Clara Platform, a digital sales platform for rough diamonds. The company was formerly known as Bannockburn Resources Limited and changed its name to Lucara Diamond Corp.