Karelian Diamond Resources (LON:KDR) Stock Crosses Below 200-Day Moving Average – Here’s Why

Shares of Karelian Diamond Resources Plc (LON:KDR) crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 0.57 and traded as low as GBX 0.50. Karelian Diamond Resources shares last traded at GBX 0.51, with a volume of 520,881 shares traded.

Karelian Diamond Resources Stock Up 2.6%

The firm has a market capitalization of £1.01 million, a P/E ratio of -2.57 and a beta of 0.93. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.11 and a current ratio of 0.06. The firm’s 50-day moving average is GBX 0.51 and its 200 day moving average is GBX 0.57.

About Karelian Diamond Resources

Karelian Diamond Resources Plc engages in the exploration and development of diamond deposits. It holds interests in the Lahtojoki diamond project located in the KuopioKaavi region in Finland; and the Seitaperä diamondiferous kimberlite pipe and the Riihivaara diamond projects situated in the Kuhmo area, Finland. The company also explores for nickel, copper, and platinum metals in Northern Ireland. Karelian Diamond Resources Plc was incorporated in 2004 and is headquartered in Dublin, Ireland.