Diamcor Mining (CVE:DMI) Trading 25% Higher – Should You Buy?

Diamcor Mining Inc. (CVE:DMIGet Free Report)’s stock price rose 25% on Monday . The company traded as high as C$0.05 and last traded at C$0.05. Approximately 390,825 shares traded hands during trading, an increase of 525% from the average daily volume of 62,563 shares. The stock had previously closed at C$0.04.

Diamcor Mining Trading Up 12.5 %

The company has a quick ratio of 0.13, a current ratio of 0.05 and a debt-to-equity ratio of 617.97. The firm’s 50 day moving average is C$0.04 and its two-hundred day moving average is C$0.05. The stock has a market cap of C$7.59 million, a price-to-earnings ratio of -1.13 and a beta of 1.38.

Diamcor Mining (CVE:DMIGet Free Report) last announced its quarterly earnings results on Monday, July 29th. The mining company reported C($0.02) earnings per share (EPS) for the quarter. Equities analysts anticipate that Diamcor Mining Inc. will post 0.1 EPS for the current year.

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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