Gemfields Group (LON:GEM) Stock Price Up 13.8% – What’s Next?

Gemfields Group Limited (LON:GEM)’s stock price was up 13.8% on Friday . The company traded as high as GBX 3.30 and last traded at GBX 3.30. Approximately 107,464 shares traded hands during mid-day trading, a decline of 74% from the average daily volume of 406,904 shares. The stock had previously closed at GBX 2.90.

Gemfields Group Stock Up 13.8%

The firm’s 50 day moving average is GBX 3.11 and its 200-day moving average is GBX 4.05. The firm has a market cap of £56.90 million, a PE ratio of -1.27 and a beta of 0.20. The company has a quick ratio of 2.46, a current ratio of 1.77 and a debt-to-equity ratio of 31.57.

About Gemfields Group

Gemfields is a world-leading miner and marketer of coloured gemstones. Gemfields is the operator and 75% owner of both the Kagem emerald mine in Zambia (believed to be the world’s single largest producing emerald mine) and the Montepuez ruby mine in Mozambique (one of the most significant recently discovered ruby deposits in the world). In addition, Gemfields also holds controlling interests in various other gemstone mining and prospecting licences in Zambia, Mozambique, Ethiopia and Madagascar.

Gemfields has developed a proprietary grading system and a pioneering auction platform to provide a consistent supply of coloured gemstones to downstream markets, a key component of Gemfields’ business model that has played an important role in the growth of the global coloured gemstone sector.