Star Diamond (TSE:DIAM) Trading Down 20% – Here’s What Happened

Shares of Star Diamond Co. (TSE:DIAMGet Free Report) were down 20% on Thursday . The company traded as low as C$0.02 and last traded at C$0.02. Approximately 127,025 shares were traded during mid-day trading, a decline of 65% from the average daily volume of 363,763 shares. The stock had previously closed at C$0.03.

Star Diamond Stock Performance

The stock has a market capitalization of C$15.44 million, a price-to-earnings ratio of -2.50 and a beta of 1.94. The company has a quick ratio of 17.99, a current ratio of 2.06 and a debt-to-equity ratio of 2.05. The company has a 50 day simple moving average of C$0.03 and a 200-day simple moving average of C$0.04.

About Star Diamond

(Get Free Report)

Star Diamond Corporation engages in the exploration, development, and production of diamonds in Canada. The company's principal mineral properties include the Star Kimberlite property and the Orion South Kimberlite property located in Fort à la Corne area of Saskatchewan, Canada. It also holds a 50% interest in the Buffalo Hills project located in north central Alberta, Canada.

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