Gemfields Group Limited (LON:GEM – Get Free Report) passed below its fifty day moving average during trading on Tuesday. The stock has a fifty day moving average of GBX 3.29 and traded as low as GBX 3.22. Gemfields Group shares last traded at GBX 3.22, with a volume of 150,000 shares.
Gemfields Group Price Performance
The company has a debt-to-equity ratio of 38.08, a current ratio of 2.37 and a quick ratio of 2.46. The firm has a market capitalization of £55.52 million, a price-to-earnings ratio of -0.62 and a beta of 0.20. The business’s fifty day simple moving average is GBX 3.29 and its 200 day simple moving average is GBX 3.98.
About Gemfields Group
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.
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