Karelian Diamond Resources (LON:KDR) Shares Down 10.4% – Here’s Why

Karelian Diamond Resources Plc (LON:KDRGet Free Report)’s stock price dropped 10.4% during mid-day trading on Thursday . The stock traded as low as GBX 0.52 and last traded at GBX 0.52. Approximately 654,364 shares changed hands during mid-day trading, a decline of 46% from the average daily volume of 1,209,500 shares. The stock had previously closed at GBX 0.58.

Karelian Diamond Resources Price Performance

The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.11 and a current ratio of 0.06. The stock has a 50 day moving average price of GBX 0.55 and a two-hundred day moving average price of GBX 0.59. The company has a market capitalization of £1.14 million, a PE ratio of -2.90 and a beta of 0.93.

About Karelian Diamond Resources

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Karelian Diamond Resources Plc engages in the exploration and development of diamond deposits. It holds interests in the Lahtojoki diamond project located in the KuopioKaavi region in Finland; and the Seitaperä diamondiferous kimberlite pipe and the Riihivaara diamond projects situated in the Kuhmo area, Finland. The company also explores for nickel, copper, and platinum metals in Northern Ireland. Karelian Diamond Resources Plc was incorporated in 2004 and is headquartered in Dublin, Ireland.

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