Gem Diamonds (LON:GEMD) Shares Down 2.3% – Should You Sell?

Gem Diamonds Limited (LON:GEMDGet Free Report)’s share price was down 2.3% during trading on Monday . The stock traded as low as GBX 2.66 and last traded at GBX 2.90. Approximately 796,500 shares were traded during mid-day trading, an increase of 4% from the average daily volume of 766,938 shares. The stock had previously closed at GBX 2.97.

Gem Diamonds Stock Performance

The firm has a market capitalization of £4.06 million, a P/E ratio of -0.37, a P/E/G ratio of 0.18 and a beta of 1.51. The company has a debt-to-equity ratio of 30.82, a current ratio of 1.56 and a quick ratio of 1.09. The firm has a 50-day moving average price of GBX 3.14 and a two-hundred day moving average price of GBX 4.38.

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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