Stornoway Diamond (TSE:SWY) Shares Down 33.3%

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Stornoway Diamond Co. (TSE:SWY)’s stock price dropped 33.3% on Thursday . The company traded as low as C$0.02 and last traded at C$0.02, approximately 5,216,954 shares traded hands during mid-day trading. An increase of 193% from the average daily volume of 1,780,646 shares. The stock had previously closed at C$0.03.

The firm has a market cap of $23.11 million and a price-to-earnings ratio of -0.05. 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 stock has a 50-day moving average of C$0.03 and a two-hundred day moving average of C$0.09.

Stornoway Diamond (TSE:SWY) last announced its quarterly earnings data on Monday, May 13th. The company reported C($0.05) EPS for the quarter. The business had revenue of C$53.34 million during the quarter. Sell-side analysts expect that Stornoway Diamond Co. will post -0.07 EPS for the current fiscal 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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