Could Diamondcorp Plc Change Direction After Reaching 52-Week Low?

 Could Diamondcorp Plc Change Direction After Reaching 52 Week Low?

The stock of Diamondcorp Plc (LON:DCP) hit a new 52-week low and has GBX 0.46 target or 9.00% below today’s GBX 0.50 share price. The 5 months bearish chart indicates high risk for the GBX 9.81M company. The 1-year low was reported on Nov, 28 by Barchart.com. If the GBX 0.46 price target is reached, the company will be worth GBX 882,900 less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. The stock decreased 75.61% or GBX 1.55 on November 28, hitting GBX 0.5. Diamondcorp Plc (LON:DCP) has declined 70.18% since April 28, 2016 and is downtrending. It has underperformed by 76.20% 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. GBX 23 is the highest target while GBX 11.50 is the lowest. The GBX 15.65 average target is 3030.00% above today’s (GBX 0.5) stock price. Diamondcorp PLC has been the topic of 43 analyst reports since July 31, 2015 according to StockzIntelligence Inc. The company was maintained on Tuesday, October 18 by SP Angel. The rating was maintained by Panmure Gordon with “Buy” on Friday, July 31. SP Angel maintained Diamondcorp Plc (LON:DCP) rating on Monday, February 1. SP Angel has “Buy” rating and GBX 13.25 price target. Northland Capital maintained the stock with “Buy” rating in Friday, November 20 report. The rating was maintained by Panmure Gordon on Tuesday, August 9 with “Buy”. As per Thursday, December 3, the company rating was maintained by WH Ireland. WH Ireland maintained it with “Buy” rating and GBX 17.90 target price in Friday, July 31 report. The rating was maintained by WH Ireland with “Buy” on Thursday, November 12. The stock of Diamondcorp Plc (LON:DCP) has “Buy” rating given on Thursday, December 3 by SP Angel. The stock of Diamondcorp Plc (LON:DCP) earned “Buy” rating by Panmure Gordon on Tuesday, June 14.

Another recent and important Diamondcorp Plc (LON:DCP) news was published by Uk.Finance.Yahoo.com which published an article titled: “Diamondcorp Plc (DCP.L)” on March 29, 2014.

DiamondCorp plc is a United Kingdom diamond producer. The company has a market cap of 9.81 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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