Lucara Diamond Corp Stock Today
| LUC Stock | CAD 0.31 0.01 3.33% |
Performance0 of 100
| Odds Of DistressLess than 33
|
Lucara Diamond is selling at 0.31 as of the 24th of April 2024; that is 3.33 percent up since the beginning of the trading day. The stock's open price was 0.3. Lucara Diamond has about a 33 percent probability of financial distress in the next few years of operation and has generated negative returns over the last 90 days. Equity ratings for Lucara Diamond Corp are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 25th of March 2024 and ending today, the 24th of April 2024. Click here to learn more.
Business Domain Materials | Category Basic Materials |
Lucara Diamond Corp., a diamond mining company, engages in the acquisition, exploration, development, and operation of diamond properties in Africa. Lucara Diamond Corp. was incorporated in 1981 and is headquartered in Vancouver, Canada. LUCARA DIAMOND operates under Other Precious Metals Mining classification in Canada and is traded on Toronto Stock Exchange. The company has 458.92 M outstanding shares of which 105.12 K shares are now shorted by private and institutional investors with about 0.92 days to cover all short positions. More on Lucara Diamond Corp
Moving together with Lucara Stock
| 0.86 | MGRO | MustGrow Biologics Corp | PairCorr |
Moving against Lucara Stock
| 0.88 | PWI | Sustainable Power | PairCorr |
Follow Valuation Profit Patterns Odds of Bankruptcy
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Lucara Stock Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Lucara Diamond's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Lucara Diamond or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| CEO | William Lamb | ||||
| Business Concentration | Diversified Metals & Mining, Other Precious Metals & Mining, Basic Materials, Materials, Metals & Mining, Other Precious Metals & Mining, Basic Materials (View all Sectors) | ||||
Lucara Diamond's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Lucara Diamond's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit. | |||||
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Lucara Diamond's financial leverage. It provides some insight into what part of Lucara Diamond's total assets is financed by creditors.
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Lucara Diamond Corp (LUC) is traded on Toronto Exchange in Canada and employs 29 people. Lucara Diamond is listed under Diversified Metals & Mining category by Fama And French industry classification. The company currently falls under 'Small-Cap' category with a current market capitalization of 142.27 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Lucara Diamond's market, we take the total number of its shares issued and multiply it by Lucara Diamond's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Lucara Diamond Corp operates under Metals & Mining sector and is part of Materials industry. The entity has 458.92 M outstanding shares of which 105.12 K shares are now shorted by private and institutional investors with about 0.92 days to cover all short positions.
Lucara Diamond Corp has accumulated about 26.42 M in cash with 62.59 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.03.
Check Lucara Diamond Probability Of Bankruptcy
Ownership AllocationLucara Diamond Corp holds a total of 458.92 Million outstanding shares. Lucara Diamond Corp holds significant amount of outstanding shares owned by insiders. An insider is usually defined as a CEO, other corporate executive, director, or institutional investor who own at least 10% of the company's outstanding shares. Since such a large part of the company is owned by insiders, it is advisable to analyze if each of these insiders have been buying or selling the stock in recent months. Remember, it does not matter who owns the company or if the company is currently losing money. If the true value of the company is more than the market pays for it currently, you can still have a good investment opportunity.
Check Lucara Ownership Details
Lucara Stock Price Odds Analysis
Contingent on a normal probability distribution, the odds of Lucara Diamond jumping above the current price in 90 days from now is about 92.4%. The Lucara Diamond Corp probability density function shows the probability of Lucara Diamond stock to fall within a particular range of prices over 90 days. Assuming the 90 days trading horizon Lucara Diamond has a beta of 0.1849. This indicates as returns on the market go up, Lucara Diamond average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Lucara Diamond Corp will be expected to be much smaller as well. Additionally, lucara Diamond Corp has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite.
Based on a normal probability distribution, the odds of Lucara Diamond to move above the current price in 90 days from now is about 92.4 (This Lucara Diamond Corp probability density function shows the probability of Lucara Stock to fall within a particular range of prices over 90 days) .
Lucara Diamond Corp Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. Lucara Diamond market risk premium is the additional return an investor will receive from holding Lucara Diamond long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Lucara Diamond. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Lucara Diamond's alpha and beta are two of the key measurements used to evaluate Lucara Diamond's performance over the market, the standard measures of volatility play an important role as well.
| Mean Deviation | 2.44 | |||
| Standard Deviation | 3.48 | |||
| Variance | 12.09 | |||
| Risk Adjusted Performance | (0.04) |
Lucara Stock Against Markets
Picking the right benchmark for Lucara Diamond stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Lucara Diamond stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Lucara Diamond is critical whether you are bullish or bearish towards Lucara Diamond Corp at a given time. Please also check how Lucara Diamond's historical prices are related to one of the top price index indicators.
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Our tools can tell you how much better you can do entering a position in Lucara Diamond without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Lucara Diamond Corporate Directors
Lucara Diamond corporate directors refer to members of a Lucara Diamond board of directors. The board of directors generally takes responsibility for the Lucara Diamond's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Lucara Diamond's board members must vote for the resolution. The Lucara Diamond board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Marie Inkster | Independent Director | Profile | |
| Jennifer Harmer | Director Finance | Profile | |
| Johannes Langenhoven | Acting Technical Director - Boteti | Profile | |
| Paul Conibear | Independent Director | Profile |
How to buy Lucara Stock?
Before investing in Lucara Diamond, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Lucara Diamond. To buy Lucara Diamond stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Lucara Diamond. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Lucara Diamond stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Lucara Diamond Corp stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Lucara Diamond Corp stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Lucara Diamond Corp, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments.
Already Invested in Lucara Diamond Corp?
The danger of trading Lucara Diamond Corp is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Lucara Diamond is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Lucara Diamond. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Lucara Diamond Corp is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Lucara Diamond Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. Note that the Lucara Diamond Corp information on this page should be used as a complementary analysis to other Lucara Diamond's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Cryptocurrency Center module to build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency.
Complementary Tools for Lucara Stock analysis
When running Lucara Diamond's price analysis, check to measure Lucara Diamond's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Lucara Diamond is operating at the current time. Most of Lucara Diamond's value examination focuses on studying past and present price action to predict the probability of Lucara Diamond's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Lucara Diamond's price. Additionally, you may evaluate how the addition of Lucara Diamond to your portfolios can decrease your overall portfolio volatility.
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