BMO Capital Markets Lowers Lucara Diamond (TSE:LUC) Price Target to C$0.50

Lucara Diamond (TSE:LUC) had its target price cut by BMO Capital Markets from C$0.60 to C$0.50 in a research report report published on Friday morning,BayStreet.CA reports.

Lucara Diamond Trading Up 7.1 %

TSE:LUC traded up C$0.03 during trading hours on Friday, hitting C$0.45. The company had a trading volume of 910,100 shares, compared to its average volume of 164,483. The company has a debt-to-equity ratio of 87.66, a current ratio of 1.37 and a quick ratio of 1.42. Lucara Diamond has a 52 week low of C$0.29 and a 52 week high of C$0.63. The company has a market capitalization of C$207.23 million, a PE ratio of -6.43, a price-to-earnings-growth ratio of -0.81 and a beta of 1.38. The stock has a 50-day moving average price of C$0.47 and a 200 day moving average price of C$0.39.

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.