Lucara Diamond Corp (TSE:LUC)’s stock price reached a new 52-week low on Friday . The stock traded as low as C$1.38 and last traded at C$1.38, with a volume of 359320 shares trading hands. The stock had previously closed at C$1.51.
LUC has been the topic of several recent analyst reports. Berenberg Bank decreased their target price on shares of Lucara Diamond from C$1.50 to C$1.40 in a report on Tuesday. Scotiabank reiterated a “buy” rating and issued a C$2.25 target price (up from C$1.83) on shares of Lucara Diamond in a report on Thursday, May 16th. Finally, BMO Capital Markets decreased their target price on shares of Lucara Diamond from C$2.00 to C$1.80 in a report on Thursday, June 27th.
The company has a quick ratio of 0.92, a current ratio of 3.14 and a debt-to-equity ratio of 4.18. The stock has a market cap of $554.80 million and a P/E ratio of 20.91. The stock’s fifty day moving average price is C$1.53.
About Lucara Diamond (TSE:LUC)
Lucara Diamond Corp., a diamond mining company, engages in the acquisition, exploration, development, and operation of diamond properties in Africa. The company operates in two segments, Karowe Mine, and Corporate and Other. It holds 100% interests in the Karowe mine, as well as two prospecting licenses located in Botswana.
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