Lucara Diamond (TSE:LUC) Stock Price Crosses Below Two Hundred Day Moving Average – Here’s What Happened

Lucara Diamond Corp. (TSE:LUC)’s share price passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$0.43 and traded as low as C$0.35. Lucara Diamond shares last traded at C$0.35, with a volume of 25,569 shares.

Analyst Ratings Changes

Separately, BMO Capital Markets reduced their price objective on shares of Lucara Diamond from C$0.60 to C$0.50 in a research note on Friday, November 15th.

Lucara Diamond Stock Down 2.8 %

The firm’s 50 day moving average is C$0.46 and its two-hundred day moving average is C$0.43. The firm has a market cap of C$161.18 million, a P/E ratio of -5.00, a price-to-earnings-growth ratio of -0.81 and a beta of 1.38. The company has a current ratio of 1.37, a quick ratio of 1.42 and a debt-to-equity ratio of 87.66.

Lucara Diamond Company Profile

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.