Moving the database to a separate drive will effect the performance of the Database. We suggest moving our database to a separate Drive or RAID 10 array for higher performance of the Web Console, or if you have a larger environment the dedicated disk resources will benefit the overall system.
We do not have a specific KB on moving the Database within the same SQL instance, but I have found the documentation for you.
First, you will need to have Microsoft SQL Studio Manager downloaded and installed to access the Microsoft SQL Server.
You have two options for moving the database to a new drive.
(1) You can backup and restore your database; by using the WITH MOVE options you can relocate files.
Backup Phase, please see the linked pdf from our KB Document for Backup of the SQL Database.