Lucara Diamond (TSE:LUC) Shares Pass Below 200-Day Moving Average – What’s Next?

Lucara Diamond Corp. (TSE:LUC)’s stock price passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$0.45 and traded as low as C$0.37. Lucara Diamond shares last traded at C$0.37, with a volume of 11,600 shares traded.

Analysts Set New Price Targets

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

Lucara Diamond Price Performance

The company has a market capitalization of C$119.11 million, a P/E ratio of -3.51, a price-to-earnings-growth ratio of -0.81 and a beta of 1.38. The company has a fifty day moving average price of C$0.39 and a 200 day moving average price of C$0.45. The company has a debt-to-equity ratio of 71.39, a current ratio of 1.38 and a quick ratio of 1.42.

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.