Petra Diamonds (LON:PDL) Trading 8.8% Higher – Should You Buy?

Petra Diamonds Limited (LON:PDL) shares were up 8.8% on Tuesday . The company traded as high as GBX 21.90 and last traded at GBX 18.50. Approximately 1,002,911 shares were traded during trading, an increase of 473% from the average daily volume of 175,002 shares. The stock had previously closed at GBX 17.

Petra Diamonds Price Performance

The company has a current ratio of 1.32, a quick ratio of 3.52 and a debt-to-equity ratio of 124.59. The firm has a market cap of £60.19 million, a PE ratio of -0.44, a price-to-earnings-growth ratio of 0.17 and a beta of 1.45. The stock has a 50 day simple moving average of GBX 17.56 and a 200-day simple moving average of GBX 17.35.

About Petra Diamonds

Petra Diamonds is a leading independent diamond mining group and a supplier of gem quality rough diamonds to the international market. The Company’s portfolio incorporates interests in two underground mines in South Africa (Cullinan and Finsch Mines) and one open pit mine in Tanzania (Williamson). In January 2025, Petra announced that it has entered into an agreement to sell its entire shareholding in the entity that holds Petra’s interest in Williamson.

Petra’s strategy is to focus on value rather than volume production by optimising recoveries from its high-quality asset base in order to maximise their efficiency and profitability.