Lucapa Diamond hits over 7-wk high on becoming debt free

Lucapa Diamond Co

04/07/2023 04:13

** Shares of Australia's Lucapa Diamond Company  LOM.AX 
rise as much as 7.6% to A$0.036 - highest since May 12
    ** Diamond miner says co has settled all interest-bearing
loans from Equigold and the Industrial Development Corporation
of South Africa and has become debt free   
    ** Adds group will now seek to have all securities with
respect to those loans released 
    ** Stock has fallen 28.3% this year, as of last close

 (Reporting by Nausheen Thusoo in Bengaluru)
 ((Nausheen.Thusoo@thomsonreuters.com;))