Gemfields Group (LON:GEM) Sets New 1-Year Low – Here’s What Happened

Gemfields Group Limited (LON:GEM)’s share price reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as GBX 2.50 and last traded at GBX 3.19, with a volume of 10533 shares changing hands. The stock had previously closed at GBX 2.85.

Gemfields Group Price Performance

The firm has a market capitalization of £56.90 million, a P/E ratio of -1.27 and a beta of 0.20. The stock’s 50 day simple moving average is GBX 3.10 and its 200 day simple moving average is GBX 4.04. The company has a debt-to-equity ratio of 31.57, a quick ratio of 2.46 and a current ratio of 1.77.

Gemfields Group Company Profile

Gemfields is a world-leading 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). In addition, Gemfields also holds controlling interests in various other gemstone mining and prospecting licences in Zambia, Mozambique, Ethiopia and Madagascar.

Gemfields has developed a proprietary grading system and a pioneering auction platform to provide a consistent supply of coloured gemstones to downstream markets, a key component of Gemfields’ business model that has played an important role in the growth of the global coloured gemstone sector.