Stornoway Diamond (TSE:SWY) Shares Down 33.3%

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Stornoway Diamond Co. (TSE:SWY) shares were down 33.3% during trading on Wednesday . The stock traded as low as C$0.02 and last traded at C$0.02, approximately 562,395 shares traded hands during trading. A decline of 71% from the average daily volume of 1,944,531 shares. The stock had previously closed at C$0.03.

Several analysts have recently commented on SWY shares. BMO Capital Markets lowered Stornoway Diamond from a “market perform” rating to an “underperform” rating in a report on Monday, April 1st. TD Securities decreased their price objective on Stornoway Diamond from C$0.30 to C$0.25 and set a “hold” rating for the company in a report on Monday, April 1st.

The company’s fifty day simple moving average is C$0.03. The company has a current ratio of 0.88, a quick ratio of 0.30 and a debt-to-equity ratio of 136.00. The firm has a market cap of $18.49 million and a PE ratio of -0.05.

Stornoway Diamond (TSE:SWY) last issued its quarterly earnings data on Monday, May 13th. The company reported C($0.05) EPS for the quarter. The firm had revenue of C$53.34 million during the quarter. On average, research analysts expect that Stornoway Diamond Co. will post -0.072 earnings per share for the current year.

About Stornoway Diamond (TSE:SWY)

Stornoway Diamond Corporation engages in the mining, acquisition, and exploration of diamond properties in Canada. Its principal project is the Renard mine located in north-central Quebec. The company was founded in 1986 and is headquartered in Longueuil, Canada.

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