Gem Diamonds (LON:GEMD) Trading Down 18.9% – What’s Next?

Gem Diamonds Limited (LON:GEMDGet Free Report)’s share price dropped 18.9% during trading on Monday . The company traded as low as GBX 10.50 and last traded at GBX 10.50. 1,778,981 shares were traded during mid-day trading, an increase of 148% from the average daily volume of 716,774 shares. The stock had previously closed at GBX 12.95.

Gem Diamonds Price Performance

The business’s 50 day moving average is GBX 5.53 and its two-hundred day moving average is GBX 4.51. The firm has a market cap of £14.70 million, a P/E ratio of -0.14, a P/E/G ratio of 0.18 and a beta of 1.29. The company has a quick ratio of 1.09, a current ratio of 2.38 and a debt-to-equity ratio of 20.53.

Gem Diamonds Company Profile

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Gem Diamonds is a leading global diamond producer of high value diamonds. The Company owns 70% of the Letšeng mine in Lesotho. The Letšeng mine is famous for the production of large, top colour, exceptional white diamonds, making it the highest dollar per carat kimberlite diamond mine in the world.

Further Reading

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