Gem Diamonds (LON:GEMD) Trading Down 10.9% – Time to Sell?

Gem Diamonds Limited (LON:GEMDGet Free Report)’s share price fell 10.9% during trading on Monday . The stock traded as low as GBX 4.01 and last traded at GBX 4.01. 1,188,656 shares were traded during mid-day trading, an increase of 31% from the average session volume of 908,497 shares. The stock had previously closed at GBX 4.50.

Gem Diamonds Price Performance

The company has a market cap of £5.61 million, a P/E ratio of -0.51, a P/E/G ratio of 0.18 and a beta of 1.51. The stock has a 50-day simple moving average of GBX 3.58 and a 200 day simple moving average of GBX 3.49. The company has a debt-to-equity ratio of 27.59, a quick ratio of 1.09 and a current ratio of 3.62.

About Gem Diamonds

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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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