Star Diamond (TSE:DIAM) Trading Down 14.3% – Time to Sell?

Star Diamond Co. (TSE:DIAM) shares fell 14.3% during trading on Thursday . The stock traded as low as C$0.03 and last traded at C$0.03. 206,000 shares changed hands during trading, an increase of 24% from the average session volume of 165,924 shares. The stock had previously closed at C$0.04.

Star Diamond Trading Down 16.7 %

The stock has a fifty day simple moving average of C$0.04 and a 200 day simple moving average of C$0.05. The company has a debt-to-equity ratio of 2.05, a quick ratio of 17.99 and a current ratio of 2.06. The firm has a market cap of C$15.44 million, a P/E ratio of -2.50 and a beta of 1.94.

Star Diamond Company Profile

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.