Gem Diamonds Limited (LON:GEMD – Get Free Report) traded down 17.3% during trading on Wednesday. The stock traded as low as GBX 12 and last traded at GBX 12. Approximately 2,640,803 shares changed hands during mid-day trading, an increase of 263% from the average session volume of 728,039 shares. The stock had previously closed at GBX 14.50.
Gem Diamonds Stock Performance
The company’s 50-day moving average price is GBX 10.20 and its 200 day moving average price is GBX 5.40. The stock has a market capitalization of £16.80 million, a PE ratio of -0.18, a PEG ratio of 0.18 and a beta of 1.24. The company has a debt-to-equity ratio of 20.53, a quick ratio of 1.09 and a current ratio of 2.38.
Gem Diamonds Company Profile
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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