Lucara Diamond (TSE:LUC) Shares Up 10.5% – What’s Next?

Shares of Lucara Diamond Corp. (TSE:LUC) were up 10.5% during mid-day trading on Monday . The company traded as high as C$0.44 and last traded at C$0.42. Approximately 300,847 shares changed hands during mid-day trading, an increase of 109% from the average daily volume of 143,857 shares. The stock had previously closed at C$0.38.

Analysts Set New Price Targets

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

Lucara Diamond Trading Up 14.5 %

The firm has a market capitalization of C$140.03 million, a P/E ratio of -4.12, a PEG ratio of -0.81 and a beta of 1.38. The business’s 50 day moving average is C$0.41 and its two-hundred day moving average is C$0.44. The company has a quick ratio of 1.42, a current ratio of 1.38 and a debt-to-equity ratio of 71.39.

Lucara Diamond Company Profile

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.