Gem Diamonds Limited (LON:GEMD – Get Free Report)’s stock price traded down 13% on Wednesday. The stock traded as low as GBX 10.40 and last traded at GBX 10.40. Approximately 304,075 shares changed hands during mid-day trading, a decline of 57% from the average daily volume of 705,515 shares. The stock had previously closed at GBX 11.95.
Gem Diamonds Stock Up 16.3%
The company has a current ratio of 2.38, a quick ratio of 1.09 and a debt-to-equity ratio of 20.53. The company has a market capitalization of £17.02 million, a PE ratio of -0.16, a price-to-earnings-growth ratio of 0.18 and a beta of 1.29. The business’s 50-day simple moving average is GBX 6.95 and its 200-day simple moving average is GBX 4.95.
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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