Gem Diamonds Limited (LON:GEMD – Get Free Report)’s stock price shot up 74.7% during trading on Wednesday . The company traded as high as GBX 6 and last traded at GBX 4.98. 18,255,744 shares traded hands during mid-day trading, an increase of 1,556% from the average session volume of 1,102,109 shares. The stock had previously closed at GBX 2.85.
Gem Diamonds Trading Up 74.7%
The firm’s 50-day simple moving average is GBX 3.03 and its 200-day simple moving average is GBX 3.98. The firm has a market capitalization of £6.97 million, a PE ratio of -0.64, a price-to-earnings-growth ratio of 0.18 and a beta of 1.51. The company has a quick ratio of 1.09, a current ratio of 1.56 and a debt-to-equity ratio of 30.82.
About Gem Diamonds
Gem Diamonds is a leading global diamond producer of high value diamonds. The Company owns 70% of the Letšeng mine in Lesotho. The Letšeng mine is famous for the production of large, top colour, exceptional white diamonds, making it the highest dollar per carat kimberlite diamond mine in the world.
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