Petra Diamonds (LON:PDL) Sets 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 stock traded as low as GBX 6.50 and last traded at GBX 7, with a volume of 40991 shares changing hands. The stock had previously closed at GBX 6.74.

Petra Diamonds Price Performance

The company has a debt-to-equity ratio of -3,777.78, a quick ratio of 3.52 and a current ratio of 1.67. The firm has a market capitalization of £23.48 million, a P/E ratio of -0.08, a P/E/G ratio of 0.17 and a beta of 1.45. The stock’s 50 day simple moving average is GBX 11.31 and its 200 day simple moving average is GBX 15.18.

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.