Stornoway Diamond (TSE:SWY) PT Lowered to C$0.40

Stornoway Diamond (TSE:SWY) had its target price trimmed by BMO Capital Markets from C$0.45 to C$0.40 in a research note published on Thursday, September 20th.

Separately, TD Securities lowered their price target on Stornoway Diamond from C$0.65 to C$0.55 in a report on Wednesday, August 15th.

Shares of SWY stock remained flat at $C$0.33 during trading hours on Thursday. The stock had a trading volume of 151,700 shares, compared to its average volume of 210,708. Stornoway Diamond has a fifty-two week low of C$0.33 and a fifty-two week high of C$0.78.

Stornoway Diamond (TSE:SWY) last issued its earnings results on Tuesday, August 14th. The company reported C($0.04) earnings per share (EPS) for the quarter. The business had revenue of C$56.91 million for the quarter. Stornoway Diamond had a negative return on equity of 1.78% and a negative net margin of 6.15%.

About Stornoway Diamond

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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