Karelian Diamond Resources (LON:KDR) Shares Down 8.3% – Here’s What Happened

Karelian Diamond Resources Plc (LON:KDRGet Free Report) dropped 8.3% during mid-day trading on Tuesday . The stock traded as low as GBX 0.55 and last traded at GBX 0.55. Approximately 184,685 shares were traded during mid-day trading, a decline of 84% from the average daily volume of 1,170,185 shares. The stock had previously closed at GBX 0.60.

Karelian Diamond Resources Stock Performance

The business has a 50-day moving average price of GBX 0.53 and a 200-day moving average price of GBX 0.59. The company has a quick ratio of 0.11, a current ratio of 0.06 and a debt-to-equity ratio of 1.29. The firm has a market capitalization of £1.12 million, a price-to-earnings ratio of -2.85 and a beta of 0.93.

About Karelian Diamond Resources

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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.

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