Karelian Diamond Resources (LON:KDR) Shares Up 29.6% – Here’s What Happened

Karelian Diamond Resources Plc (LON:KDRGet Free Report)’s share price rose 29.6% during trading on Monday . The stock traded as high as GBX 0.60 and last traded at GBX 0.58. Approximately 2,498,072 shares were traded during trading, an increase of 132% from the average daily volume of 1,076,853 shares. The stock had previously closed at GBX 0.45.

Karelian Diamond Resources Price Performance

The firm has a fifty day moving average of GBX 0.53 and a two-hundred day moving average of GBX 0.59. The stock has a market capitalization of £1.15 million, a P/E ratio of -2.92 and a beta of 0.93. The company has a debt-to-equity ratio of 1.29, a current ratio of 0.06 and a quick ratio of 0.11.

Karelian Diamond Resources Company Profile

(Get Free Report)

Karelian Diamond Resources Plc engages in the exploration and development of diamond deposits. It holds interests in the Lahtojoki diamond project located in the KuopioKaavi region in Finland; and the Seitaperä diamondiferous kimberlite pipe and the Riihivaara diamond projects situated in the Kuhmo area, Finland. The company also explores for nickel, copper, and platinum metals in Northern Ireland. Karelian Diamond Resources Plc was incorporated in 2004 and is headquartered in Dublin, Ireland.

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