Gem Diamonds (LON:GEMD) Sets New 1-Year High – Time to Buy?

Gem Diamonds Limited (LON:GEMDGet Free Report)’s stock price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as GBX 12.50 and last traded at GBX 11.20, with a volume of 2976791 shares traded. The stock had previously closed at GBX 9.50.

Gem Diamonds Stock Performance

The company has a debt-to-equity ratio of 20.53, a quick ratio of 1.09 and a current ratio of 2.38. The firm’s 50 day moving average is GBX 4.33 and its 200-day moving average is GBX 4.12. The company has a market cap of £15.68 million, a PE ratio of -0.15, a PEG ratio of 0.18 and a beta of 1.29.

Gem Diamonds Company Profile

(Get Free Report)

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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