Shares of Gem Diamonds Limited (LON:GEMD – Get Free Report) were up 74.7% on Wednesday . The stock traded as high as GBX 6 and last traded at GBX 4.98. Approximately 18,255,744 shares were traded during trading, an increase of 1,556% from the average daily volume of 1,102,109 shares. The stock had previously closed at GBX 2.85.
Gem Diamonds Stock Performance
The stock’s 50-day moving average price is GBX 3.03 and its 200-day moving average price is GBX 3.98. The company has a current ratio of 1.56, a quick ratio of 1.09 and a debt-to-equity ratio of 30.82. The company has a market capitalization of £6.97 million, a P/E ratio of -0.64, a P/E/G ratio of 0.18 and a beta of 1.51.
About Gem Diamonds
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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