Lucara Diamond (TSE:LUC) Stock Price Passes Below 200 Day Moving Average – Here’s Why

Lucara Diamond Corp. (TSE:LUCGet Free Report) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$0.44 and traded as low as C$0.36. Lucara Diamond shares last traded at C$0.36, with a volume of 650,500 shares changing hands.

Lucara Diamond Stock Performance

The firm has a 50-day simple moving average of C$0.38 and a 200 day simple moving average of C$0.44. The company has a quick ratio of 1.42, a current ratio of 1.38 and a debt-to-equity ratio of 71.39. The company has a market cap of C$116.69 million, a price-to-earnings ratio of -3.44, a price-to-earnings-growth ratio of -0.81 and a beta of 1.38.

About Lucara Diamond

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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.

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