Business
Why the Lucapa Diamond (ASX:LOM) share price leapt on open today
The Lucapa Diamond Co Ltd (ASX: LOM) share price is on the rise this morning. In early morning trade, shares were exchanging hands for 66 cents, up 1.5%. At the time of writings, shares have retreated slightly, trading at 65 cents, down 1.5%.
The ASX diamond producer has interests in the Lulo diamond mine in Angola and the Mothae diamond mine in Lesotho. This morning, Lucapa announced a resource upgrade for its Lulo mine.
What did Lucapa Diamond report on its Lulo diamond resources?
Lucapa’s share price is moving higher in morning trade. This comes after the company reported an increase in the JORC Classified Inferred Alluvial Diamond…
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