Gem Diamonds (LON:GEMD) Trading Up 11% – Here’s Why

Gem Diamonds Limited (LON:GEMDGet Free Report) traded up 11% on Thursday . The stock traded as high as GBX 4.80 and last traded at GBX 4.05. 1,303,761 shares traded hands during mid-day trading, an increase of 194% from the average session volume of 442,966 shares. The stock had previously closed at GBX 3.65.

Gem Diamonds Trading Up 11.0%

The company has a market cap of £5.67 million, a price-to-earnings ratio of -0.05, a P/E/G ratio of 0.18 and a beta of 1.23. The company has a debt-to-equity ratio of 25.27, a current ratio of 2.34 and a quick ratio of 1.09. The firm’s fifty day moving average price is GBX 3.60 and its 200-day moving average price is GBX 3.82.

About Gem Diamonds

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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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