Gem Diamonds (LON:GEMD) Hits New 1-Year Low – Time to Sell?

Gem Diamonds Limited (LON:GEMDGet Free Report)’s stock price hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as GBX 2.75 and last traded at GBX 2.89, with a volume of 642734 shares traded. The stock had previously closed at GBX 3.10.

Gem Diamonds Stock Down 6.5%

The company has a quick ratio of 1.09, a current ratio of 1.56 and a debt-to-equity ratio of 30.82. The company has a market capitalization of £4.05 million, a P/E ratio of -0.37, a price-to-earnings-growth ratio of 0.18 and a beta of 1.51. The company has a 50-day moving average of GBX 3.20 and a two-hundred day moving average of GBX 4.62.

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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