Gem Diamonds (LON:GEMD) Shares Down 2.3% – Here’s What Happened
by Kim Johansen · The Markets DailyGem Diamonds Limited (LON:GEMD – Get Free Report) fell 2.3% during 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 Price Performance
The firm 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 debt-to-equity ratio of 30.82, a current ratio of 1.56 and a quick ratio of 1.09. The company’s 50-day moving average is GBX 3.14 and its two-hundred day moving average is GBX 4.38.
Gem Diamonds Company Profile
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.