Star Diamond (TSE:DIAM) Trading Down 11.1% – Time to Sell?

Star Diamond Co. (TSE:DIAM) shares were down 11.1% during trading on Thursday . The stock traded as low as C$0.04 and last traded at C$0.04. Approximately 595,533 shares were traded during mid-day trading, an increase of 49% from the average daily volume of 399,218 shares. The stock had previously closed at C$0.05.

Star Diamond Stock Performance

The company has a market cap of C$27.79 million, a PE ratio of -4.50 and a beta of 1.94. The company has a debt-to-equity ratio of 2.05, a current ratio of 2.06 and a quick ratio of 17.99. The company has a 50-day moving average of C$0.03 and a 200 day moving average of C$0.04.

Insider Buying and Selling

In other news, Director Lisa K. Riley acquired 1,000,000 shares of the firm’s stock in a transaction on Friday, February 28th. The stock was acquired at an average price of C$0.06 per share, with a total value of C$60,000.00. 31.00% of the stock is currently owned by company insiders.

About Star Diamond

Star Diamond Corporation engages in the exploration, development, and production of diamonds in Canada. The company's principal mineral properties include the Star Kimberlite property and the Orion South Kimberlite property located in Fort à la Corne area of Saskatchewan, Canada. It also holds a 50% interest in the Buffalo Hills project located in north central Alberta, Canada.