Petra Diamonds (LON:PDL) Reaches New 12-Month Low – Time to Sell?

Petra Diamonds Limited (LON:PDL)’s share price reached a new 52-week low during mid-day trading on Thursday . The company traded as low as GBX 7.50 and last traded at GBX 7.83, with a volume of 1267404 shares trading hands. The stock had previously closed at GBX 8.02.

Petra Diamonds Stock Performance

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 stock has a market capitalization of £24.75 million, a price-to-earnings ratio of -0.09, a price-to-earnings-growth ratio of 0.17 and a beta of 1.45. The firm’s fifty day moving average price is GBX 15.08 and its 200 day moving average price is GBX 16.44.

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.