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The latest announcement is out from Star Diamond ( (TSE:DIAM) ).
Star Diamond Corporation has engaged Misty Clifton Engineering LP and SGS Canada Inc for a Pre-Feasibility Study on the Star – Orion South Diamond Project. This study aims to update and build upon previous assessments, incorporating new technical work and revising the mineral resource estimate. The collaboration with experienced consultants is expected to enhance the project’s economic potential, with completion anticipated by Q4 2026.
Spark’s Take on TSE:DIAM Stock
According to Spark, TipRanks’ AI Analyst, TSE:DIAM is a Underperform.
Star Diamond’s overall stock score reflects significant financial challenges, including ongoing losses and negative cash flows, which are major concerns. The technical analysis shows stability, but momentum is weak. Valuation is complicated by a negative P/E ratio and lack of dividends. However, the acquisition of the Fort à la Corne Project is a positive strategic development, offering potential future benefits.
To see Spark’s full report on TSE:DIAM stock, click here.
More about Star Diamond
Star Diamond Corporation is a Canadian-based company focused on the acquisition, exploration, and development of mineral properties. Its primary asset is the Fort à la Corne property in central Saskatchewan, known for its diamondiferous kimberlites, which are conveniently located near infrastructure such as highways and the electrical power grid.
Average Trading Volume: 288,691
Technical Sentiment Signal: Strong Sell
Current Market Cap: C$30.73M
For an in-depth examination of DIAM stock, go to TipRanks’ Overview page.