Petra Diamonds (LON:PDL) Trading Up 9.2% – Still a Buy?

Shares of Petra Diamonds Limited (LON:PDL) traded up 9.2% on Friday . The company traded as high as GBX 7 and last traded at GBX 6.86. 1,511,242 shares traded hands during mid-day trading, an increase of 612% from the average session volume of 212,351 shares. The stock had previously closed at GBX 6.28.

Petra Diamonds Stock Performance

The company has a 50 day moving average price of GBX 6.46 and a 200-day moving average price of GBX 12.08. The company has a current ratio of 1.67, a quick ratio of 3.52 and a debt-to-equity ratio of -3,777.78. The company has a market cap of £24.33 million, a P/E ratio of -0.08, a price-to-earnings-growth ratio of 0.17 and a beta of 1.45.

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.