Petra Diamonds (LON:PDL) Shares Up 20% – Still a Buy?

Petra Diamonds Limited (LON:PDL)’s stock price rose 20% during trading on Monday . The stock traded as high as GBX 8 and last traded at GBX 7.80. 464,682 shares traded hands during trading, an increase of 117% from the average session volume of 214,606 shares. The stock had previously closed at GBX 6.50.

Petra Diamonds Trading Up 20.0%

The company has a quick ratio of 3.52, a current ratio of 1.67 and a debt-to-equity ratio of -3,777.78. The stock has a market capitalization of £26.16 million, a PE ratio of -0.09, a PEG ratio of 0.17 and a beta of 1.45. The business’s 50-day moving average is GBX 14.01 and its two-hundred day moving average is GBX 16.04.

Petra Diamonds Company Profile

Petra Diamonds is a leading independent diamond mining group and a supplier of gem quality rough diamonds to the international market. The Company’s portfolio incorporates interests in two underground mines in South Africa (Cullinan and Finsch Mines) and one open pit mine in Tanzania (Williamson). In January 2025, Petra announced that it has entered into an agreement to sell its entire shareholding in the entity that holds Petra’s interest in Williamson.

Petra’s strategy is to focus on value rather than volume production by optimising recoveries from its high-quality asset base in order to maximise their efficiency and profitability.