Stornoway Diamond (TSE:SWY) Downgraded by BMO Capital Markets

BMO Capital Markets downgraded shares of Stornoway Diamond (TSE:SWY) from a market perform rating to an underperform rating in a research report sent to investors on Monday, April 1st, BayStreet.CA reports.

Separately, TD Securities decreased their target price on Stornoway Diamond from C$0.45 to C$0.30 and set a hold rating for the company in a research note on Tuesday, January 22nd.

Shares of TSE:SWY remained flat at $C$0.07 during midday trading on Monday. The stock had a trading volume of 4,016,861 shares, compared to its average volume of 777,816. The stock has a market cap of $69.14 million and a price-to-earnings ratio of -0.18. Stornoway Diamond has a 52-week low of C$0.06 and a 52-week high of C$0.58. The company has a quick ratio of 0.45, a current ratio of 1.06 and a debt-to-equity ratio of 115.13.

Stornoway Diamond (TSE:SWY) last posted its earnings results on Thursday, March 28th. The company reported C($0.03) earnings per share for the quarter. The company had revenue of C$23.27 million during the quarter. As a group, analysts forecast that Stornoway Diamond will post -0.0500000031250002 earnings per share for the current year.

Stornoway Diamond Company Profile

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

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