Star Diamond (TSE:DIAM) Hits New 1-Year Low – Should You Sell?

Star Diamond Co. (TSE:DIAM – Get Free Report)’s share price hit a new 52-week low on Wednesday. The stock traded as low as C$0.01 and last traded at C$0.01, with a volume of 34,219 shares. The stock had previously closed at C$0.02.

Star Diamond Stock Down 14.3%

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$11.61 million, a PE ratio of -1.50 and a beta of -0.34. The business has a 50-day moving average price of C$0.02 and a 200-day moving average price of C$0.03.

Star Diamond Company Profile

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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.

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