Petra Diamonds (LON:PDL) Shares Pass Below Two Hundred Day Moving Average – What’s Next?

Petra Diamonds Limited (LON:PDL)’s share price passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 19.66 ($0.26) and traded as low as GBX 19.15 ($0.26). Petra Diamonds shares last traded at GBX 20 ($0.27), with a volume of 25,781 shares.

Petra Diamonds Price Performance

The stock has a market cap of £40.78 million, a PE ratio of -31.34, a P/E/G ratio of 0.17 and a beta of 1.45. The company has a current ratio of 1.32, a quick ratio of 3.52 and a debt-to-equity ratio of 124.59. The company’s 50 day moving average is GBX 18.95 and its 200-day moving average is GBX 19.66.

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.