Lucara Diamond (TSE:LUC) Shares Pass Below 200-Day Moving Average – Time to Sell?

Lucara Diamond Corp. (TSE:LUC)’s stock price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$0.44 and traded as low as C$0.37. Lucara Diamond shares last traded at C$0.38, with a volume of 184,575 shares.

Wall Street Analyst Weigh In

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

Lucara Diamond Price Performance

The stock has a market cap of C$122.33 million, a PE ratio of -3.60, a PEG ratio of -0.81 and a beta of 1.38. The company has a debt-to-equity ratio of 71.39, a quick ratio of 1.42 and a current ratio of 1.38. The stock’s 50-day moving average is C$0.40 and its two-hundred day moving average is C$0.44.

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.