Karelian Diamond Resources (LON:KDR) Trading Up 8% – Should You Buy?

Karelian Diamond Resources Plc (LON:KDR)’s stock price shot up 8% during trading on Monday . The company traded as high as GBX 0.54 and last traded at GBX 0.54. 1,091,676 shares changed hands during trading, a decline of 25% from the average session volume of 1,456,129 shares. The stock had previously closed at GBX 0.50.

Karelian Diamond Resources Stock Up 8.0%

The firm has a market cap of £1.06 million, a PE ratio of -2.70 and a beta of 0.93. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.11 and a current ratio of 0.06. The company’s 50-day simple moving average is GBX 0.55 and its two-hundred day simple moving average is GBX 0.60.

Karelian Diamond Resources Company Profile

Karelian Diamond Resources Plc engages in the exploration and development of diamond deposits. It holds interests in the Lahtojoki diamond project located in the KuopioKaavi region in Finland; and the Seitaperä diamondiferous kimberlite pipe and the Riihivaara diamond projects situated in the Kuhmo area, Finland. The company also explores for nickel, copper, and platinum metals in Northern Ireland. Karelian Diamond Resources Plc was incorporated in 2004 and is headquartered in Dublin, Ireland.