Gem Diamonds Limited (LON:GEMD – Get Free Report) fell 20.2% during trading on Friday . The stock traded as low as GBX 7.50 and last traded at GBX 7.82. Approximately 3,618,138 shares were traded during mid-day trading, an increase of 516% from the average daily volume of 587,813 shares. The stock had previously closed at GBX 9.80.
Gem Diamonds Stock Performance
The company’s 50-day moving average price is GBX 3.93 and its 200 day moving average price is GBX 3.99. The company has a debt-to-equity ratio of 25.27, a quick ratio of 1.09 and a current ratio of 2.34. The stock has a market capitalization of £10.95 million, a PE ratio of -0.11, a PEG ratio of 0.18 and a beta of 1.22.
Gem Diamonds Company Profile
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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