Star Diamond (TSE:DIAM) Shares Climb 25% – What’s Next?

Star Diamond Co. (TSE:DIAM – Get Free Report) shares were up 25% during mid-day trading on Wednesday. The stock traded as high as C$0.03 and last traded at C$0.03. Approximately 242,000 shares were traded during mid-day trading, an increase of 18% from the average session volume of 204,370 shares. The stock had previously closed at C$0.02.

Star Diamond Trading Up 25.0%

The company has a current ratio of 2.06, a quick ratio of 17.99 and a debt-to-equity ratio of 2.05. The firm has a market capitalization of C$19.35 million, a P/E ratio of -2.50 and a beta of -0.41. The business has a 50 day moving average of C$0.02 and a 200-day moving average of C$0.03.

About Star Diamond

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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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