Stornoway Diamond Co. (TSE:SWY) shares reached a new 52-week low on Monday . The company traded as low as C$0.56 and last traded at C$0.57, with a volume of 713505 shares trading hands. The stock had previously closed at C$0.58.
SWY has been the topic of a number of analyst reports. Royal Bank of Canada cut shares of Stornoway Diamond from a “sector perform” rating to an “underperform” rating and cut their price objective for the company from C$0.90 to C$0.60 in a research report on Thursday, October 12th. BMO Capital Markets cut their price objective on shares of Stornoway Diamond from C$1.25 to C$0.80 and set a “market perform” rating on the stock in a research report on Wednesday, October 25th. Finally, TD Securities cut their price objective on shares of Stornoway Diamond from C$0.80 to C$0.75 and set a “hold” rating on the stock in a research report on Friday, January 12th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company’s stock. Stornoway Diamond has a consensus rating of “Hold” and a consensus price target of C$0.97.
The firm has a market capitalization of $484.45, a PE ratio of 9.50 and a beta of 1.19.
In related news, Director Patrick Godin purchased 61,500 shares of the business’s stock in a transaction dated Monday, November 27th. The shares were purchased at an average cost of C$0.70 per share, for a total transaction of C$43,050.00. Over the last 90 days, insiders bought 93,500 shares of company stock worth $63,610.
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About Stornoway Diamond
Stornoway Diamond Corp is a Canada-based diamond exploration and development company. The Company is principally engaged in the acquisition, exploration and development of diamond properties. The Company’s principal focus is its Renard Diamond Project located in north-central Quebec, a project in construction.
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