Star Diamond (TSE:DIAM) Stock Price Down 20% – Should You Sell?

Star Diamond Co. (TSE:DIAMGet Free Report) shares dropped 20% on Tuesday . The stock traded as low as C$0.02 and last traded at C$0.02. Approximately 105,244 shares traded hands during trading, a decline of 50% from the average session volume of 211,641 shares. The stock had previously closed at C$0.03.

Star Diamond Stock Performance

The stock has a market cap of C$15.48 million, a PE ratio of -2.00 and a beta of -0.59. The stock has a fifty day moving average of C$0.02 and a 200-day moving average of C$0.03. The company has a quick ratio of 17.99, a current ratio of 2.06 and a debt-to-equity ratio of 2.05.

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.

Further Reading

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