Lucara Diamond (TSE:LUC) Stock Price Crosses Below Two Hundred Day Moving Average – Should You Sell?

Lucara Diamond Corp. (TSE:LUC) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$0.43 and traded as low as C$0.38. Lucara Diamond shares last traded at C$0.38, with a volume of 26,040 shares changing hands.

Analysts Set New Price Targets

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

Lucara Diamond Stock Performance

The stock’s fifty day moving average price is C$0.47 and its two-hundred day moving average price is C$0.43. The company has a debt-to-equity ratio of 87.66, a quick ratio of 1.42 and a current ratio of 1.37. The company has a market cap of C$174.99 million, a P/E ratio of -5.43, a P/E/G 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.