Gem Diamonds Limited (LON:GEMD – Get Free Report) shot up 74.7% during mid-day trading on Wednesday . The company traded as high as GBX 6 and last traded at GBX 4.98. 18,255,744 shares were traded during trading, an increase of 1,556% from the average session volume of 1,102,109 shares. The stock had previously closed at GBX 2.85.
Gem Diamonds Stock Up 74.7%
The company has a market cap of £6.97 million, a price-to-earnings ratio of -0.64, a price-to-earnings-growth ratio of 0.18 and a beta of 1.51. The company has a debt-to-equity ratio of 30.82, a quick ratio of 1.09 and a current ratio of 1.56. The stock’s fifty day moving average is GBX 3.03 and its two-hundred day moving average is GBX 3.98.
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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