Gem Diamonds (LON:GEMD) Stock Price Up 3.9% – Here’s Why

Gem Diamonds Limited (LON:GEMD)’s share price shot up 3.9% during mid-day trading on Monday . The company traded as high as GBX 4.25 and last traded at GBX 4.25. 194,023 shares traded hands during trading, a decline of 78% from the average session volume of 882,275 shares. The stock had previously closed at GBX 4.09.

Gem Diamonds Trading Up 12.5%

The company’s 50 day simple moving average is GBX 3.77 and its 200 day simple moving average is GBX 3.41. The firm has a market cap of £6.30 million, a price-to-earnings ratio of -0.57, a P/E/G ratio of 0.18 and a beta of 1.51. The company has a debt-to-equity ratio of 25.27, a current ratio of 2.34 and a quick ratio of 1.09.

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.