Gem Diamonds (LON:GEMD) Stock Price Down 6.4% – Should You Sell?

Gem Diamonds Limited (LON:GEMDGet Free Report)’s share price was down 6.4% on Wednesday . The stock traded as low as GBX 2.53 and last traded at GBX 2.85. Approximately 1,425,141 shares changed hands during trading, an increase of 45% from the average daily volume of 982,969 shares. The stock had previously closed at GBX 3.05.

Gem Diamonds Price Performance

The stock has a market cap of £4.15 million, a PE ratio of -0.38, a P/E/G ratio of 0.18 and a beta of 1.51. The company has a current ratio of 1.56, a quick ratio of 1.09 and a debt-to-equity ratio of 30.82. The business has a fifty day simple moving average of GBX 3.16 and a two-hundred day simple moving average of GBX 4.47.

Gem Diamonds Company Profile

(Get Free Report)

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.

Further Reading

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