Gem Diamonds Limited (LON:GEMD – Get Free Report)’s share price shot up 26.4% during trading on Wednesday . The stock traded as high as GBX 11 and last traded at GBX 9.95. 3,183,599 shares changed hands during trading, an increase of 423% from the average session volume of 609,111 shares. The stock had previously closed at GBX 7.87.
Gem Diamonds Price Performance
The company has a market capitalization of £13.93 million, a P/E ratio of -0.13, a P/E/G ratio of 0.18 and a beta of 1.29. The business’s 50-day simple moving average is GBX 4.20 and its 200 day simple moving average is GBX 4.08. The company has a current ratio of 2.38, a quick ratio of 1.09 and a debt-to-equity ratio of 20.53.
About Gem Diamonds
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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