Gem Diamonds Limited (LON:GEMD – Get Free Report) shares traded up 74.7% during mid-day trading on Wednesday . The company traded as high as GBX 6 and last traded at GBX 4.98. 18,255,744 shares were traded during mid-day trading, an increase of 1,556% from the average session volume of 1,102,109 shares. The stock had previously closed at GBX 2.85.
Gem Diamonds Trading Up 74.7%
The stock has a fifty day moving average of GBX 3.03 and a two-hundred day moving average of GBX 3.98. The company has a market capitalization of £6.97 million, a PE ratio of -0.64, a PEG ratio of 0.18 and a beta of 1.51. The company has a current ratio of 1.56, a quick ratio of 1.09 and a debt-to-equity ratio of 30.82.
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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