Star Diamond (TSE:DIAM) Trading Up 18.2% – What’s Next?

Star Diamond Co. (TSE:DIAM) traded up 18.2% during mid-day trading on Friday . The company traded as high as C$0.07 and last traded at C$0.07. 214,000 shares were traded during mid-day trading, a decline of 35% from the average session volume of 327,172 shares. The stock had previously closed at C$0.06.

Star Diamond Stock Performance

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 firm has a 50-day simple moving average of C$0.04 and a 200 day simple moving average of C$0.04. The company has a market cap of C$43.23 million, a price-to-earnings ratio of -7.00 and a beta of 1.94.

Insider Buying and Selling

In other news, Director Lisa K. Riley purchased 1,000,000 shares of the company’s stock in a transaction dated Friday, February 28th. The shares were acquired at an average cost of C$0.06 per share, for a total transaction of C$60,000.00. 31.00% of the stock is owned by company insiders.

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.