Revenue Update on Dominion Diamond Corp(NYSE:DDC)

Dominion Diamond Corp(NYSE:DDC) announced the earnings results for Fiscal Year 2016 and Q4. The results came in during After-hours on Apr 13, 2016. Earnings per share were $-0.24. Analysts had estimated an EPS of $0.07.

Dominion Diamond Corp (DDC) made into the market gainers list on Fridays trading session with the shares advancing 1.21% or 0.13 points. Due to strong positive momentum, the stock ended at $10.84, which is also near the day’s high of $11.06. The stock began the session at $10.69 and the volume stood at 5,50,871 shares. The 52-week high of the shares is $20.3 and the 52 week low is $7.27. The company has a current market capitalization of $925 M and it has 8,53,35,979 shares in outstanding.

Dominion Diamond Corporation is focused on the mining and marketing of rough diamonds to the global market. The Company has ownership interests in the Diavik and the Ekati group of mineral claims. The Diavik Joint Venture is an unincorporated joint arrangement between Diavik Diamond Mines (2012) Inc. (DDMI) and Dominion Diamond Diavik Limited Partnership (DDDLP) where DDDLP holds an undivided 40% ownership interest in the assets liabilities and expenses of the Diavik Diamond Mine. DDMI is the operator of the Diavik Diamond Mine. The Ekati Diamond Mine consists of the Core Zone which includes the current operating mine and other permitted kimberlite pipes as well as the Buffer Zone an adjacent area hosting kimberlite pipes having both development and exploration potential. The Company owns an 88.9% interest in the Core Zone and a 65.3% interest in the Buffer Zone. The Company controls and consolidates the Ekati Diamond Mine.

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