Lucara Diamond (TSE:LUC) Stock Price Passes Above Two Hundred Day Moving Average – Here’s Why

Lucara Diamond Corp. (TSE:LUC)’s stock price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$0.41 and traded as high as C$0.55. Lucara Diamond shares last traded at C$0.52, with a volume of 1,557,229 shares trading hands.

Analyst Ratings Changes

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

Lucara Diamond Stock Performance

The stock has a market cap of C$239.46 million, a price-to-earnings ratio of -7.43, a P/E/G ratio of -0.81 and a beta of 1.38. The firm’s 50-day moving average is C$0.50 and its two-hundred day moving average is C$0.41. The company has a current ratio of 1.37, a quick ratio of 1.42 and a debt-to-equity ratio of 87.66.

About Lucara Diamond

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.