Gem Diamonds (LON:GEMD) Sets New 52-Week High – Should You Buy?

Gem Diamonds Limited (LON:GEMDGet Free Report) shares reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as GBX 13 and last traded at GBX 11, with a volume of 2739144 shares changing hands. The stock had previously closed at GBX 12.

Gem Diamonds Trading Down 8.8%

The company has a market capitalization of £18.51 million, a P/E ratio of -0.18, a P/E/G ratio of 0.18 and a beta of 1.29. The company has a 50-day simple moving average of GBX 5.34 and a 200 day simple moving average of GBX 4.45. The company has a debt-to-equity ratio of 20.53, a quick ratio of 1.09 and a current ratio of 2.38.

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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