Gem Diamonds (LON:GEMD) Trading 7.5% Higher – Time to Buy?

Gem Diamonds Limited (LON:GEMDGet Free Report)’s share price was up 7.5% during trading on Friday . The company traded as high as GBX 4.23 and last traded at GBX 3.60. Approximately 1,188,568 shares traded hands during trading, an increase of 170% from the average session volume of 440,660 shares. The stock had previously closed at GBX 3.35.

Gem Diamonds Stock Up 7.5%

The company’s 50 day moving average price is GBX 3.63 and its two-hundred day moving average price is GBX 3.80. The company has a current ratio of 2.34, a quick ratio of 1.09 and a debt-to-equity ratio of 25.27. The stock has a market cap of £5.04 million, a P/E ratio of -0.05, a PEG ratio of 0.18 and a beta of 1.23.

Gem Diamonds Company Profile

(Get Free Report)

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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