Gem Diamonds (LON:GEMD) Trading 71.9% Higher – What’s Next?

Gem Diamonds Limited (LON:GEMDGet Free Report)’s stock price traded up 71.9% during mid-day trading on Wednesday . The company traded as high as GBX 6 and last traded at GBX 4.90. 17,549,127 shares traded hands during mid-day trading, an increase of 1,536% from the average session volume of 1,072,667 shares. The stock had previously closed at GBX 2.85.

Gem Diamonds Stock Down 15.6%

The stock has a 50 day moving average price of GBX 3.11 and a 200 day moving average price of GBX 3.97. The company has a debt-to-equity ratio of 30.82, a quick ratio of 1.09 and a current ratio of 1.56. The company has a market capitalization of £4.96 million, a P/E ratio of -0.45, a PEG ratio of 0.18 and a beta of 1.51.

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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