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

Lucara Diamond Corp. (TSE:LUC)’s share price passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$0.42 and traded as low as C$0.42. Lucara Diamond shares last traded at C$0.42, with a volume of 85,000 shares traded.

Analyst Upgrades and Downgrades

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

Lucara Diamond Stock Up 9.6 %

The firm’s 50-day moving average price is C$0.50 and its 200-day moving average price is C$0.42. The company has a debt-to-equity ratio of 87.66, a current ratio of 1.37 and a quick ratio of 1.42. The company has a market cap of C$209.53 million, a price-to-earnings ratio of -6.50, a price-to-earnings-growth ratio of -0.81 and a beta of 1.38.

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.