Gem Diamonds Limited (LON:GEMD – Get Free Report) shares rose 74.7% on Wednesday . The company traded as high as GBX 6 and last traded at GBX 4.98. Approximately 18,255,744 shares traded 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 Stock Performance
The company has a current ratio of 1.56, a quick ratio of 1.09 and a debt-to-equity ratio of 30.82. The company’s 50-day moving average is GBX 3.07 and its two-hundred day moving average is GBX 3.98. The firm has a market cap of £6.97 million, a P/E ratio of -0.64, a PEG ratio of 0.18 and a beta of 1.51.
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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