Star Diamond (TSE:DIAM) Trading Down 20% – Here’s Why

Star Diamond Co. (TSE:DIAMGet Free Report)’s stock price traded down 20% during mid-day trading on Thursday . The stock traded as low as C$0.02 and last traded at C$0.02. 127,025 shares traded hands during trading, a decline of 65% from the average session volume of 363,763 shares. The stock had previously closed at C$0.03.

Star Diamond Price Performance

The stock has a market capitalization of C$15.44 million, a price-to-earnings ratio of -2.50 and a beta of 1.94. The company has a fifty day simple moving average of C$0.03 and a 200 day simple moving average of C$0.04. The company has a debt-to-equity ratio of 2.05, a quick ratio of 17.99 and a current ratio of 2.06.

Star Diamond Company Profile

(Get Free Report)

Star Diamond Corporation engages in the exploration, development, and production of diamonds in Canada. The company's principal mineral properties include the Star Kimberlite property and the Orion South Kimberlite property located in Fort à la Corne area of Saskatchewan, Canada. It also holds a 50% interest in the Buffalo Hills project located in north central Alberta, Canada.

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