Stornoway Diamond (TSE:SWY) Stock Price Down 33.3%

Shares of Stornoway Diamond Co. (TSE:SWY) fell 33.3% on Thursday . The company traded as low as C$0.02 and last traded at C$0.02, 5,216,954 shares changed hands during mid-day trading. An increase of 193% from the average session volume of 1,780,646 shares. The stock had previously closed at C$0.03.

The stock has a 50 day moving average of C$0.03 and a two-hundred day moving average of C$0.09. The company has a debt-to-equity ratio of 136.00, a quick ratio of 0.30 and a current ratio of 0.88. The firm has a market capitalization of $23.11 million and a P/E ratio of -0.05.

Stornoway Diamond (TSE:SWY) last released its earnings results on Monday, May 13th. The company reported C($0.05) earnings per share (EPS) for the quarter. The business had revenue of C$53.34 million during the quarter. Sell-side analysts predict that Stornoway Diamond Co. will post -0.07 EPS for the current year.

Stornoway Diamond Company Profile (TSE:SWY)

Stornoway Diamond Corporation engages in the mining, acquisition, and exploration of diamond properties in Canada. Its principal project is the Renard mine located in north-central Quebec. The company was founded in 1986 and is headquartered in Longueuil, Canada.

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