Shares of Gem Diamonds Limited (LON:GEMD – Get Free Report) traded up 26.4% during mid-day trading on Wednesday . The stock traded as high as GBX 11 and last traded at GBX 9.95. Approximately 3,183,599 shares traded hands during trading, an increase of 423% from the average session volume of 609,111 shares. The stock had previously closed at GBX 7.87.
Gem Diamonds Stock Up 26.4%
The company has a debt-to-equity ratio of 20.53, a quick ratio of 1.09 and a current ratio of 2.38. The company has a market cap of £13.93 million, a P/E ratio of -0.13, a P/E/G ratio of 0.18 and a beta of 1.29. The stock has a 50 day moving average price of GBX 4.20 and a 200 day moving average price of GBX 4.08.
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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