Petra Diamonds (LON:PDL) Shares Down 14.5% – Should You Sell?

Petra Diamonds Limited (LON:PDL) dropped 14.5% on Tuesday . The company traded as low as GBX 5.30 and last traded at GBX 5.30. Approximately 295,622 shares traded hands during mid-day trading, an increase of 46% from the average session volume of 202,904 shares. The stock had previously closed at GBX 6.20.

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 cap of £21.77 million, a P/E ratio of -0.07, a P/E/G ratio of 0.17 and a beta of 1.45. The company has a 50-day moving average of GBX 6.49 and a 200 day moving average of GBX 12.17.

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.