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 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.
Recommended Story: What does the Dow Jones Industrial Average (DJIA) measure?
Receive News & Ratings for Stornoway Diamond Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Stornoway Diamond and related companies with MarketBeat.com's FREE daily email newsletter.