Star Diamond (TSE:DIAM) Hits New 52-Week Low – Time to Sell?
by Danessa Lincoln · The Markets DailyStar Diamond Co. (TSE:DIAM – Get Free Report) hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as C$0.02 and last traded at C$0.02, with a volume of 25040 shares trading hands. The stock had previously closed at C$0.02.
Star Diamond Stock Performance
The company has a debt-to-equity ratio of 2.05, a current ratio of 2.06 and a quick ratio of 17.99. The company has a market cap of C$15.48 million, a price-to-earnings ratio of -2.00 and a beta of -0.57. The business’s fifty day moving average price is C$0.03 and its 200 day moving average price is C$0.03.
About Star Diamond
Star Diamond is a Canadian natural resource company focused on exploring and evaluating Saskatchewan’s diamond resources. Star Diamond holds a 100% interest in the Fort à la Corne Project, (FALC Project, which includes the Star – Orion South Diamond Project, or the “Project”). These properties are in central Saskatchewan, near established infrastructure, including paved highways and the electrical power grid, which provide significant advantages for future possible mine development. The Company also holds a 100% interest in the exploration and evaluation properties of the Buffalo Hills Diamond Project (the “BH Project”) located approximately 400 kilometres northwest of Edmonton, Alberta, Canada.