Diamondcorp Plc Stock Is At All-Time Low Now

 Diamondcorp Plc Stock Is At All Time Low Now

The stock of Diamondcorp Plc (LON:DCP) reached all time low today, Nov, 14 and still has GBX 0.45 target or 11.00% below today’s GBX 0.50 share price. This indicates more downside for the GBX 2.39M company. This technical setup was reported by Barchart.com. If the GBX 0.45 PT is reached, the company will be worth GBX 262,900 less.
Trading stocks at an all time low is not easy. Stock at an all time low usually experience even more downside due to very negative fundament. Even thought the pullback rate is high, shorting is not an easy job because the risk of being wrong is big and the risk-reward ratio is always worse than if trading lon only. The stock decreased 75.61% or GBX 1.55 on November 14, hitting GBX 0.5. About 736,356 shares traded hands. Diamondcorp Plc (LON:DCP) has declined 74.38% since April 14, 2016 and is downtrending. It has underperformed by 79.36% the S&P500.

Diamondcorp Plc (LON:DCP) Ratings Coverage

Out of 5 analysts covering Diamondcorp PLC (LON:DCP), 3 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 60% are positive. Diamondcorp PLC has been the topic of 43 analyst reports since July 31, 2015 according to StockzIntelligence Inc. The stock has “Buy” rating given by SP Angel on Tuesday, October 13. SP Angel maintained the stock with “Buy” rating in Friday, November 20 report. The rating was maintained by SP Angel on Monday, February 1 with “Buy”. The rating was maintained by Panmure Gordon with “Buy” on Tuesday, January 26. The firm has “Buy” rating by Panmure Gordon given on Tuesday, August 9. Northland Capital maintained the shares of DCP in a report on Thursday, November 12 with “Buy” rating. The firm has “Buy” rating by WH Ireland given on Thursday, December 3. The firm has “Buy” rating by SP Angel given on Tuesday, October 18. The company was maintained on Wednesday, December 16 by SP Angel. The company was maintained on Friday, November 20 by Northland Capital.

DiamondCorp plc is a United Kingdom diamond producer. The company has a market cap of 2.39 million GBP. The Firm is operating the Lace Diamond Mine. It has a 2.56 P/E ratio. The Company’s Lace diamond mine is located approximately 200 kilometers southwest of Johannesburg in the Free State Province of South Africa.

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