Gemfields Group (LON:GEM) Reaches New 52-Week Low – Should You Sell?

by · The Cerbat Gem

Shares of Gemfields Group Limited (LON:GEM – Get Free Report) hit a new 52-week low on Wednesday . The stock traded as low as GBX 4.50 ($0.06) and last traded at GBX 4.70 ($0.06), with a volume of 20268096 shares changing hands. The stock had previously closed at GBX 4.75 ($0.06).

Gemfields Group Price Performance

The stock has a market cap of £66.94 million, a PE ratio of -5.57 and a beta of 0.11. The stock’s fifty day moving average is GBX 6.12 and its 200-day moving average is GBX 7.79. The company has a debt-to-equity ratio of 16.51, a current ratio of 2.11 and a quick ratio of 2.46.

Gemfields Group Company Profile

(Get Free Report)

Gemfields is a world-leading responsible 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).

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