Star Diamond (TSE:DIAM) Hits New 12-Month Low – What’s Next?

Star Diamond Co. (TSE:DIAM) hit a new 52-week low during trading on Wednesday. The company traded as low as C$0.02 and last traded at C$0.02, with a volume of 4,500 shares. The stock had previously closed at C$0.02.

Star Diamond Stock Performance

The company has a quick ratio of 17.99, a current ratio of 2.06 and a debt-to-equity ratio of 2.05. The firm has a market capitalization of C$15.48 million, a P/E ratio of -2.00 and a beta of -0.34. The business’s 50 day moving average is C$0.02 and its two-hundred day moving average is C$0.03.

Star Diamond Company Profile

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.