Gem Diamonds (LON:GEMD) Shares Down 2.3% – Here’s What Happened

by · The Cerbat Gem

Gem Diamonds Limited (LON:GEMD – Get Free Report) fell 2.3% during mid-day trading on Monday . The company traded as low as GBX 2.66 and last traded at GBX 2.90. 796,500 shares were traded during mid-day trading, an increase of 4% from the average session volume of 766,938 shares. The stock had previously closed at GBX 2.97.

Gem Diamonds Stock Performance

The firm has a 50 day moving average of GBX 3.14 and a 200-day moving average of GBX 4.38. The company has a market cap of £4.06 million, a P/E ratio of -0.37, a PEG ratio of 0.18 and a beta of 1.51. The company has a quick ratio of 1.09, a current ratio of 1.56 and a debt-to-equity ratio of 30.82.

Gem Diamonds Company Profile

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Gem Diamonds is a leading global diamond producer of high value diamonds. The Company owns 70% of the Letšeng mine in Lesotho. The Letšeng mine is famous for the production of large, top colour, exceptional white diamonds, making it the highest dollar per carat kimberlite diamond mine in the world.

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