Stornoway Diamond (TSE:SWY) Stock Price Up 50%

Stornoway Diamond Co. (TSE:SWY) shares rose 50% during trading on Thursday . The stock traded as high as C$0.03 and last traded at C$0.03, approximately 2,292,830 shares changed hands during mid-day trading. An increase of 23% from the average daily volume of 1,861,611 shares. The stock had previously closed at C$0.02.

The company’s fifty day moving average is C$0.03 and its 200 day moving average is C$0.09. The company has a market capitalization of $18.53 million and a P/E ratio of -0.05. The company has a current ratio of 0.88, a quick ratio of 0.30 and a debt-to-equity ratio of 136.00.

About Stornoway Diamond (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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