Botswana Diamonds (LON:BOD) Shares Down 24.1% – Here’s What Happened

Botswana Diamonds plc (LON:BOD) shares dropped 24.1% during trading on Wednesday . The company traded as low as GBX 0.15 ($0.00) and last traded at GBX 0.17 ($0.00). Approximately 7,508,209 shares traded hands during mid-day trading, an increase of 415% from the average daily volume of 1,457,405 shares. The stock had previously closed at GBX 0.22 ($0.00).

Botswana Diamonds Price Performance

The company has a fifty day moving average price of GBX 0.24 and a two-hundred day moving average price of GBX 0.29. The firm has a market cap of £2.04 million, a price-to-earnings ratio of -11.00 and a beta of 0.80.

Botswana Diamonds Company Profile

Botswana Diamonds plc explores for and develops diamond properties in Botswana, South Africa, and Zimbabwe. The company's flagship property is the Thorny River/Marsfontein property located in South Africa. It also explores primarily in the Kalahari region of Botswana. Botswana Diamonds plc was formerly known as Botswana Exploration plc and changed its name to Botswana Diamonds plc in October 2010.