Gem Diamonds Limited (LON:GEMD – Get Free Report) shares traded up 26.4% during trading on Wednesday . The company traded as high as GBX 11 and last traded at GBX 9.95. 3,183,599 shares traded hands during mid-day trading, an increase of 423% from the average session volume of 609,111 shares. The stock had previously closed at GBX 7.87.
Gem Diamonds Stock Down 4.9%
The company has a quick ratio of 1.09, a current ratio of 2.38 and a debt-to-equity ratio of 20.53. The stock has a 50-day simple moving average of GBX 4.49 and a two-hundred day simple moving average of GBX 4.17. The firm has a market cap of £15.45 million, a PE ratio of -0.15, a P/E/G ratio of 0.18 and a beta of 1.29.
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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