Karelian Diamond Resources (LON:KDR) Shares Cross Below 200 Day Moving Average – Here’s What Happened

Karelian Diamond Resources Plc (LON:KDR)’s share price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 1.41 ($0.02) and traded as low as GBX 1.30 ($0.02). Karelian Diamond Resources shares last traded at GBX 1.35 ($0.02), with a volume of 364,322 shares changing hands.

Karelian Diamond Resources Stock Down 12.0 %

The firm has a market cap of £1.42 million, a P/E ratio of -11.13 and a beta of 0.93. The firm’s 50-day moving average price is GBX 1.20 and its 200 day moving average price is GBX 1.41. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.17 and a quick ratio of 0.11.

About Karelian Diamond Resources

Karelian Diamond Resources Plc engages in the exploration and development of diamond deposits. It holds interests in the Lahtojoki diamond project located in the KuopioKaavi region in Finland; and the Seitaperä diamondiferous kimberlite pipe and the Riihivaara diamond projects situated in the Kuhmo area, Finland.