Diamcor Mining (CVE:DMI) Trading Down 40% – Here’s Why

Diamcor Mining Inc. (CVE:DMIGet Free Report) was down 40% on Tuesday . The company traded as low as C$0.02 and last traded at C$0.02. Approximately 1,420,143 shares changed hands during trading, an increase of 1,925% from the average daily volume of 70,117 shares. The stock had previously closed at C$0.03.

Diamcor Mining Trading Down 40.0 %

The company has a debt-to-equity ratio of 617.97, a current ratio of 0.05 and a quick ratio of 0.13. The firm has a market cap of C$2.53 million, a price-to-earnings ratio of -0.38 and a beta of 1.38. The firm’s fifty day moving average is C$0.03 and its 200-day moving average is C$0.04.

About Diamcor Mining

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Diamcor Mining Inc, a junior mining and exploration company, identifies, acquires, explores for, evaluates, operates, and develops diamond-based resource properties. It holds interests in the Krone-Endora at Venetia project that consists of Krone 104MS and Endora 66MS farms covering a combined surface area of approximately 5,888 hectares located in South Africa.

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