Gem Diamonds (LON:GEMD) Shares Down 2.3% – Here’s What Happened

Shares of Gem Diamonds Limited (LON:GEMDGet Free Report) were down 2.3% on Monday . The company traded as low as GBX 2.66 and last traded at GBX 2.90. Approximately 796,500 shares traded hands during trading, an increase of 4% from the average daily volume of 766,938 shares. The stock had previously closed at GBX 2.97.

Gem Diamonds Stock Performance

The firm has a 50 day moving average of GBX 3.14 and a 200-day moving average of GBX 4.38. The stock has a market capitalization of £4.06 million, a PE ratio of -0.37, a P/E/G ratio of 0.18 and a beta of 1.51. The company has a debt-to-equity ratio of 30.82, a quick ratio of 1.09 and a current ratio of 1.56.

About Gem Diamonds

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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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