Star Diamond (TSE:DIAM) Trading Up 16.7% – Time to Buy?

Star Diamond Co. (TSE:DIAM) shares traded up 16.7% during trading on Wednesday . The stock traded as high as C$0.04 and last traded at C$0.04. 231,000 shares traded hands during mid-day trading, an increase of 39% from the average session volume of 166,543 shares. The stock had previously closed at C$0.03.

Star Diamond Stock Down 16.7 %

The company has a debt-to-equity ratio of 2.05, a quick ratio of 17.99 and a current ratio of 2.06. The firm has a market capitalization of C$15.44 million, a P/E ratio of -3.00 and a beta of 1.94. The business’s fifty day moving average price is C$0.04 and its two-hundred day moving average price is C$0.05.

About Star Diamond

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.