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

Lucara Diamond Corp. (TSE:LUC) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$0.21 and traded as low as C$0.18. Lucara Diamond shares last traded at C$0.20, with a volume of 200,696 shares trading hands.

Lucara Diamond Trading Up 8.3%

The company has a current ratio of 1.38, a quick ratio of 1.42 and a debt-to-equity ratio of 71.39. The business has a 50 day simple moving average of C$0.18 and a two-hundred day simple moving average of C$0.21. The stock has a market cap of C$88.89 million, a price-to-earnings ratio of 1.77, a price-to-earnings-growth ratio of -0.81 and a beta of 0.67.

Lucara Diamond (TSE:LUC) last announced its earnings results on Thursday, November 13th. The company reported C$0.02 earnings per share (EPS) for the quarter. Lucara Diamond had a negative return on equity of 13.99% and a negative net margin of 20.70%.The company had revenue of C$71.34 million for the quarter. As a group, equities analysts anticipate that Lucara Diamond Corp. will post 0.1616162 EPS for the current year.

About Lucara Diamond

Lucara Diamond Corp is a diamond mining company engaged in the development and operations of diamond properties in Africa. Its business segment includes Karowe Mine, Corporate and other. The company earns the majority of its revenue from the Karowe Mine segment.