Gem Diamonds Limited (LON:GEMD – Get Free Report) rose 74.7% during trading on Wednesday . The company traded as high as GBX 6 and last traded at GBX 4.98. Approximately 18,255,744 shares changed hands during mid-day trading, an increase of 1,556% from the average daily volume of 1,102,109 shares. The stock had previously closed at GBX 2.85.
Gem Diamonds Trading Up 74.7%
The company has a debt-to-equity ratio of 30.82, a quick ratio of 1.09 and a current ratio of 1.56. The firm has a market capitalization of £6.97 million, a P/E ratio of -0.64, a PEG ratio of 0.18 and a beta of 1.51. The firm has a 50 day simple moving average of GBX 3.03 and a two-hundred day simple moving average of GBX 3.98.
Gem Diamonds Company Profile
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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