BMO Capital Markets Has Lowered Expectations for Lucara Diamond (TSE:LUC) Stock Price

Lucara Diamond (TSE:LUC) had its price target reduced by BMO Capital Markets from C$0.60 to C$0.50 in a report issued on Friday,BayStreet.CA reports.

Lucara Diamond Price Performance

LUC opened at C$0.45 on Friday. Lucara Diamond has a 1 year low of C$0.29 and a 1 year high of C$0.63. The company’s 50 day simple moving average is C$0.47 and its 200 day simple moving average is C$0.39. The stock has a market capitalization of C$207.23 million, a PE ratio of -6.43, a P/E/G ratio of -0.81 and a beta of 1.38. The company has a debt-to-equity ratio of 87.66, a quick ratio of 1.42 and a current ratio of 1.37.

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.