Petra Diamonds (LON:PDL) Trading Down 8.3% – Should You Sell?

Shares of Petra Diamonds Limited (LON:PDL) traded down 8.3% during trading on Thursday . The company traded as low as GBX 5 and last traded at GBX 5.50. Approximately 459,028 shares traded hands during trading, an increase of 121% from the average session volume of 207,506 shares. The stock had previously closed at GBX 6.

Petra Diamonds Stock Up 3.3%

The stock’s fifty day simple moving average is GBX 6.69 and its 200-day simple moving average is GBX 12.78. The stock has a market cap of £20.14 million, a P/E ratio of -0.07, a P/E/G ratio of 0.17 and a beta of 1.45. The company has a debt-to-equity ratio of -3,777.78, a quick ratio of 3.52 and a current ratio of 1.67.

About Petra Diamonds

Petra Diamonds is a leading independent diamond mining group and a supplier of gem quality rough diamonds to the international market. The Company’s portfolio incorporates interests in two underground mines in South Africa (Cullinan and Finsch Mines) and one open pit mine in Tanzania (Williamson). In January 2025, Petra announced that it has entered into an agreement to sell its entire shareholding in the entity that holds Petra’s interest in Williamson.

Petra’s strategy is to focus on value rather than volume production by optimising recoveries from its high-quality asset base in order to maximise their efficiency and profitability.