Gem Diamonds Limited (LON:GEMD – Get Free Report) shares fell 18% during mid-day trading on Monday . The stock traded as low as GBX 9.55 and last traded at GBX 10. Approximately 1,842,578 shares were traded during mid-day trading, an increase of 186% from the average daily volume of 644,233 shares. The stock had previously closed at GBX 12.20.
Gem Diamonds Stock Down 8.9%
The company has a market capitalization of £15.31 million, a PE ratio of -0.15, a P/E/G ratio of 0.18 and a beta of 1.29. The company has a debt-to-equity ratio of 20.53, a quick ratio of 1.09 and a current ratio of 2.38. The company’s 50-day moving average is GBX 4.97 and its 200 day moving average is GBX 4.33.
About Gem Diamonds
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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