Star Diamond (TSE:DIAM) Trading 16.7% Higher – Here’s What Happened

Star Diamond Co. (TSE:DIAMGet Free Report)’s share price shot up 16.7% on Wednesday . The stock traded as high as C$0.04 and last traded at C$0.04. 231,000 shares changed hands during trading, an increase of 39% from the average session volume of 166,543 shares. The stock had previously closed at C$0.03.

Star Diamond Stock Down 16.7 %

The firm has a market capitalization of C$15.44 million, a price-to-earnings ratio of -3.00 and a beta of 1.94. The company has a debt-to-equity ratio of 2.05, a current ratio of 2.06 and a quick ratio of 17.99. The business has a fifty day moving average price of C$0.04 and a two-hundred day moving average price of C$0.05.

About Star Diamond

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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.

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