Shares of Gem Diamonds Limited (LON:GEMD – Get Free Report) shot up 20.3% during trading on Tuesday. The company traded as high as GBX 11.70 and last traded at GBX 11.25. 1,292,728 shares changed hands during trading, an increase of 84% from the average session volume of 703,226 shares. The stock had previously closed at GBX 9.35.
Gem Diamonds Stock Up 7.5%
The company has a quick ratio of 1.09, a current ratio of 2.38 and a debt-to-equity ratio of 20.53. The stock has a market cap of £14.07 million, a PE ratio of -0.15, a price-to-earnings-growth ratio of 0.18 and a beta of 1.29. The firm has a fifty day moving average of GBX 8.46 and a 200 day moving average of GBX 5.43.
About Gem Diamonds
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.
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