Gem Diamonds Limited (LON:GEMD – Get Free Report) dropped 8% on Wednesday . The stock traded as low as GBX 3.35 and last traded at GBX 3.45. 277,692 shares were traded during mid-day trading, a decline of 38% from the average daily volume of 451,223 shares. The stock had previously closed at GBX 3.75.
Gem Diamonds Price Performance
The company has a debt-to-equity ratio of 25.27, a current ratio of 2.34 and a quick ratio of 1.09. The stock has a market capitalization of £4.83 million, a price-to-earnings ratio of -0.05, a price-to-earnings-growth ratio of 0.18 and a beta of 1.23. The stock has a 50 day moving average price of GBX 3.78 and a 200-day moving average price of GBX 3.78.
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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