Star Diamond (TSE:DIAM) Stock Price Up 18.2% – Still a Buy?

Star Diamond Co. (TSE:DIAM) shares shot up 18.2% during mid-day trading on Friday . The stock traded as high as C$0.07 and last traded at C$0.07. 214,000 shares were traded during mid-day trading, a decline of 35% from the average session volume of 327,172 shares. The stock had previously closed at C$0.06.

Star Diamond Stock Performance

The firm has a market cap of C$46.32 million, a PE ratio of -7.50 and a beta of 1.94. The company has a 50 day simple moving average of C$0.04 and a 200-day simple moving average of C$0.04. The company has a debt-to-equity ratio of 2.05, a current ratio of 2.06 and a quick ratio of 17.99.

Insider Buying and Selling at Star Diamond

In related news, Director Lisa K. Riley acquired 1,000,000 shares of the stock in a transaction on Friday, February 28th. The stock was purchased at an average price of C$0.06 per share, for a total transaction of C$60,000.00. Corporate insiders own 31.00% of the company’s stock.

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.