Gem Diamonds Limited (LON:GEMD – Get Free Report)’s share price rose 12.2% during trading on Wednesday . The company traded as high as GBX 4.05 and last traded at GBX 4.04. Approximately 110,595 shares traded hands during mid-day trading, a decline of 90% from the average daily volume of 1,126,716 shares. The stock had previously closed at GBX 3.60.
Gem Diamonds Trading Up 12.2%
The company has a debt-to-equity ratio of 30.82, a current ratio of 1.56 and a quick ratio of 1.09. The firm has a fifty day simple moving average of GBX 3.20 and a 200-day simple moving average of GBX 3.83. The firm has a market cap of £5.65 million, a P/E ratio of -0.52, a price-to-earnings-growth ratio of 0.18 and a beta of 1.51.
About Gem Diamonds
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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