Petra Diamonds (LON:PDL) Sets New 12-Month Low – Here’s What Happened

Petra Diamonds Limited (LON:PDL) shares hit a new 52-week low during mid-day trading on Thursday . The company traded as low as GBX 6.50 and last traded at GBX 6.50, with a volume of 185049 shares traded. The stock had previously closed at GBX 6.80.

Petra Diamonds Stock Down 4.4%

The firm has a 50-day simple moving average of GBX 14.43 and a 200 day simple moving average of GBX 16.21. The stock has a market capitalization of £21.80 million, a P/E ratio of -0.08, a P/E/G ratio of 0.17 and a beta of 1.45. The company has a debt-to-equity ratio of -3,777.78, a current ratio of 1.67 and a quick ratio of 3.52.

About Petra Diamonds

Petra Diamonds is a leading independent diamond mining group and a supplier of gem quality rough diamonds to the international market. The Company’s portfolio incorporates interests in two underground mines in South Africa (Cullinan and Finsch Mines) and one open pit mine in Tanzania (Williamson). In January 2025, Petra announced that it has entered into an agreement to sell its entire shareholding in the entity that holds Petra’s interest in Williamson.

Petra’s strategy is to focus on value rather than volume production by optimising recoveries from its high-quality asset base in order to maximise their efficiency and profitability.