Gem Diamonds (LON:GEMD) Hits New 1-Year High – Here’s Why

Gem Diamonds Limited (LON:GEMDGet Free Report)’s stock price reached a new 52-week high on Thursday . The stock traded as high as GBX 12.50 and last traded at GBX 11.20, with a volume of 2976791 shares changing hands. The stock had previously closed at GBX 9.50.

Gem Diamonds Price Performance

The business’s fifty day moving average price is GBX 4.67 and its 200-day moving average price is GBX 4.23. The company has a current ratio of 2.38, a quick ratio of 1.09 and a debt-to-equity ratio of 20.53. The company has a market capitalization of £17.08 million, a P/E ratio of -0.16, a P/E/G ratio of 0.18 and a beta of 1.29.

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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