Insider Buying: Petra Diamonds Limited (LON:PDL) Insider Buys 4,200,000 Shares of Stock

Petra Diamonds Limited (LON:PDL) insider José Manuel Vargas purchased 4,200,000 shares of the stock in a transaction on Friday, September 27th. The shares were acquired at an average cost of GBX 27 ($0.36) per share, with a total value of £1,134,000 ($1,518,478.84).

Petra Diamonds Trading Up 6.6 %

PDL opened at GBX 29.20 ($0.39) on Monday. The business has a 50 day simple moving average of GBX 28.66 and a two-hundred day simple moving average of GBX 36.82. The firm has a market capitalization of £56.71 million, a price-to-earnings ratio of -78.92, a PEG ratio of 0.17 and a beta of 1.45. The company has a debt-to-equity ratio of 103.61, a current ratio of 1.85 and a quick ratio of 3.52. Petra Diamonds Limited has a one year low of GBX 25 ($0.33) and a one year high of GBX 74 ($0.99).

About Petra Diamonds

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.