Petra Diamonds Limited (LON:PDL – Get Free Report) dropped 11% during mid-day trading on Friday. The company traded as low as GBX 2.20 and last traded at GBX 2.67. 2,207,579 shares traded hands during trading, an increase of 722% from the average daily volume of 268,693 shares. The stock had previously closed at GBX 3.
Petra Diamonds Price Performance
The company has a quick ratio of 3.52, a current ratio of 1.67 and a debt-to-equity ratio of -3,777.78. The firm’s fifty day moving average price is GBX 5.04 and its two-hundred day moving average price is GBX 11.19. The stock has a market capitalization of £8.83 million, a PE ratio of -0.03, a PEG ratio of 0.17 and a beta of 1.45.
About Petra Diamonds
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.
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