Gemfields Group (LON:GEM) Stock Price Passes Below 200 Day Moving Average – Here’s What Happened

Gemfields Group Limited (LON:GEMGet Free Report)’s share price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 6.97 ($0.09) and traded as low as GBX 4.06 ($0.05). Gemfields Group shares last traded at GBX 4.37 ($0.06), with a volume of 558,409 shares trading hands.

Gemfields Group Trading Up 2.8 %

The business’s 50 day simple moving average is GBX 5.54 and its two-hundred day simple moving average is GBX 6.97. The stock has a market cap of £63.86 million, a P/E ratio of -5.32 and a beta of 0.11. The company has a quick ratio of 2.46, a current ratio of 2.11 and a debt-to-equity ratio of 16.51.

Gemfields Group Company Profile

(Get Free Report)

Gemfields is a world-leading responsible miner and marketer of coloured gemstones. Gemfields is the operator and 75% owner of both the Kagem emerald mine in Zambia (believed to be the world’s single largest producing emerald mine) and the Montepuez ruby mine in Mozambique (one of the most significant recently discovered ruby deposits in the world).

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