Large Inflow of Money Witnessed in Dominion Diamond Corporation

Dominion Diamond Corporation (NYSE:DDC) : Wednesdays money flow data in Dominion Diamond Corporation (NYSE:DDC) suggests that the bulls made the most of the weakness in the stock. The inflow of money into the stock on upticks was $0.04 million, whereas, $0.03 million worth of transactions were done on downticks. The ratio between the two, uptick and downtick stood at 1.69, in favor of the bulls. The total money flow into the stock was $0.02 million clearly indicating that the smart money has been buying into the stock on weakness.

In comparison, the money flow in block deals was $0.01 million. The total value of block trades done on upticks was $0.01 million. Dominion Diamond Corporation (NYSE:DDC) fell $0.1 and traded at $8.54, down -1.16% for the day, over previous days close. On a weekly basis, the shares are -7.87% over the previous weeks close.


Currently the company Insiders own 4.1% of Dominion Diamond Corporation shares according to the proxy statements. Institutional Investors own 35.05% of Dominion Diamond Corporation shares.

The company shares have dropped -38.46% from its 1 Year high price. On Jul 2, 2015, the shares registered one year high at $14.25 and the one year low was seen on Dec 15, 2015. The 50-Day Moving Average price is $10.22 and the 200 Day Moving Average price is recorded at $10.68. Dominion Diamond Corporation (NYSE:DDC): The stock opened at $8.77 on Wednesday but the bulls could not build on the opening and the stock topped out at $8.80 for the day. The stock traded down to $8.43 during the day, due to lack of any buying support eventually closed down at $8.49 with a loss of -1.74% for the day. The stock had closed at $8.64 on the previous day. The total traded volume was 350,517 shares.

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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