Botswana Diamonds (LON:BOD) Trading Down 24.1% – Here’s Why

Shares of Botswana Diamonds plc (LON:BOD) fell 24.1% during mid-day trading on Wednesday . The company traded as low as GBX 0.15 ($0.00) and last traded at GBX 0.17 ($0.00). 7,508,209 shares were traded during mid-day trading, an increase of 415% from the average session volume of 1,457,405 shares. The stock had previously closed at GBX 0.22 ($0.00).

Botswana Diamonds Price Performance

The firm’s 50 day moving average price is GBX 0.23 and its 200 day moving average price is GBX 0.29. The stock has a market capitalization of £1.92 million, a P/E ratio of -11.00 and a beta of 0.80.

About Botswana Diamonds

Botswana Diamonds plc explores for and develops diamond properties in Botswana, South Africa, and Zimbabwe. The company's flagship property is the Thorny River/Marsfontein property located in South Africa. It also explores primarily in the Kalahari region of Botswana. Botswana Diamonds plc was formerly known as Botswana Exploration plc and changed its name to Botswana Diamonds plc in October 2010.