Karelian Diamond Resources (LON:KDR) Stock Price Up 29.6% – Here’s Why

Karelian Diamond Resources Plc (LON:KDRGet Free Report)’s stock price rose 29.6% during trading on Monday . The company traded as high as GBX 0.60 and last traded at GBX 0.58. Approximately 2,498,072 shares traded hands during mid-day trading, an increase of 132% from the average daily volume of 1,076,853 shares. The stock had previously closed at GBX 0.45.

Karelian Diamond Resources Stock Up 29.6%

The company has a quick ratio of 0.11, a current ratio of 0.06 and a debt-to-equity ratio of 1.29. The company has a 50 day simple moving average of GBX 0.53 and a two-hundred day simple moving average of GBX 0.59. The company has a market capitalization of £1.15 million, a P/E ratio of -2.92 and a beta of 0.93.

About Karelian Diamond Resources

(Get Free Report)

Karelian Diamond Resources Plc engages in the exploration and development of diamond deposits. It holds interests in the Lahtojoki diamond project located in the KuopioKaavi region in Finland; and the Seitaperä diamondiferous kimberlite pipe and the Riihivaara diamond projects situated in the Kuhmo area, Finland. The company also explores for nickel, copper, and platinum metals in Northern Ireland. Karelian Diamond Resources Plc was incorporated in 2004 and is headquartered in Dublin, Ireland.

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