Gem Diamonds Limited (LON:GEMD – Get Free Report) rose 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 mid-day 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 Trading Up 74.7%
The business has a fifty day moving average price of GBX 3.07 and a 200-day moving average price of GBX 3.98. The company has a quick ratio of 1.09, a current ratio of 1.56 and a debt-to-equity ratio of 30.82. The company has a market cap of £6.97 million, a P/E ratio of -0.64, a PEG ratio of 0.18 and a beta of 1.51.
Gem Diamonds Company Profile
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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