Petra Diamonds (LON:PDL) Hits New 52-Week Low at $27.84

Shares of Petra Diamonds Limited (LON:PDL) reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as GBX 27.84 ($0.36) and last traded at GBX 28 ($0.36), with a volume of 68486 shares trading hands. The stock had previously closed at GBX 28.20 ($0.36).

Petra Diamonds Price Performance

The company’s 50-day moving average price is GBX 36.79 and its 200-day moving average price is GBX 40.77. The company has a quick ratio of 3.52, a current ratio of 1.85 and a debt-to-equity ratio of 103.61. The firm has a market cap of £54.38 million, a price-to-earnings ratio of -74.21, a PEG ratio of 0.17 and a beta of 1.49.

Insider Buying and Selling

In other news, insider José Manuel Vargas acquired 1,500,000 shares of Petra Diamonds stock in a transaction dated Friday, May 17th. The shares were acquired at an average cost of GBX 40 ($0.51) per share, for a total transaction of £600,000 ($766,087.84). In other Petra Diamonds news, insider José Manuel Vargas acquired 1,500,000 shares of the stock in a transaction dated Friday, May 17th. The stock was acquired at an average cost of GBX 40 ($0.51) per share, with a total value of £600,000 ($766,087.84). Also, insider Richard Duffy bought 80,879 shares of the business’s stock in a transaction dated Wednesday, August 7th. The shares were acquired at an average cost of GBX 30 ($0.38) per share, for a total transaction of £24,263.70 ($30,980.21). 40.18% of the stock is owned by insiders.

Petra Diamonds Company Profile

Petra Diamonds Limited, an investment holding company, engages in the mining, processing, sorting, and sale of rough diamonds in South Africa and Tanzania. It also provides treasury, beneficiation, and other services. Petra Diamonds Limited was incorporated in 1997 and is based in London, the United Kingdom.