Gem Diamonds (LON:GEMD) Shares Down 8.2% – Should You Sell?

Gem Diamonds Limited (LON:GEMDGet Free Report) dropped 8.2% during mid-day trading on Monday . The company traded as low as GBX 3.60 and last traded at GBX 3.60. Approximately 185,664 shares traded hands during trading, a decline of 65% from the average daily volume of 525,183 shares. The stock had previously closed at GBX 3.92.

Gem Diamonds Stock Performance

The company has a market capitalization of £5.04 million, a P/E ratio of -0.05, a PEG ratio of 0.18 and a beta of 1.20. The stock has a fifty day simple moving average of GBX 3.99 and a 200-day simple moving average of GBX 3.68. The company has a quick ratio of 1.09, a current ratio of 2.34 and a debt-to-equity ratio of 25.27.

About Gem Diamonds

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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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