Diamcor Mining (CVE:DMI) Stock Price Down 40% – Here’s Why

by · The Markets Daily

Shares of Diamcor Mining Inc. (CVE:DMI – Get Free Report) were down 40% during mid-day trading on Monday . The company traded as low as C$0.02 and last traded at C$0.02. Approximately 1,420,143 shares were traded during mid-day trading, an increase of 1,925% from the average daily volume of 70,117 shares. The stock had previously closed at C$0.03.

Diamcor Mining Stock Down 40.0 %

The company has a 50 day moving average of C$0.03 and a 200-day moving average of C$0.04. The company has a debt-to-equity ratio of 617.97, a current ratio of 0.05 and a quick ratio of 0.13. The company has a market cap of C$2.53 million, a P/E ratio of -0.38 and a beta of 1.38.

About Diamcor Mining

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Diamcor Mining Inc, a junior mining and exploration company, identifies, acquires, explores for, evaluates, operates, and develops diamond-based resource properties. It holds interests in the Krone-Endora at Venetia project that consists of Krone 104MS and Endora 66MS farms covering a combined surface area of approximately 5,888 hectares located in South Africa.

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