Gem Diamonds (LON:GEMD) Trading Down 2.3% – Here’s Why

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

Gem Diamonds Stock Performance

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

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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