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

Lucara Diamond Corp. (TSE:LUC)’s share price passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$0.43 and traded as low as C$0.38. Lucara Diamond shares last traded at C$0.38, with a volume of 26,040 shares.

Analyst Upgrades and Downgrades

Separately, BMO Capital Markets reduced their price target on Lucara Diamond from C$0.60 to C$0.50 in a report on Friday, November 15th.

Lucara Diamond Stock Performance

The company has a current ratio of 1.37, a quick ratio of 1.42 and a debt-to-equity ratio of 87.66. The firm has a market capitalization of C$174.99 million, a P/E ratio of -5.43, a price-to-earnings-growth ratio of -0.81 and a beta of 1.38. The business’s 50 day simple moving average is C$0.47 and its two-hundred day simple moving average is C$0.43.

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.