Karelian Diamond Resources (LON:KDR) Trading 8% Higher – Should You Buy?

Karelian Diamond Resources Plc (LON:KDR)’s stock price shot up 8% on Monday . The company traded as high as GBX 0.54 and last traded at GBX 0.54. 1,091,676 shares traded hands during trading, a decline of 25% from the average session volume of 1,456,129 shares. The stock had previously closed at GBX 0.50.

Karelian Diamond Resources Price Performance

The stock has a market cap of £1.08 million, a price-to-earnings ratio of -2.75 and a beta of 0.93. The company has a current ratio of 0.06, a quick ratio of 0.11 and a debt-to-equity ratio of 1.29. The company’s fifty day moving average is GBX 0.55 and its two-hundred day moving average is GBX 0.59.

Karelian Diamond Resources Company Profile

Karelian Diamond Resources Plc engages in the exploration and development of diamond deposits. It holds interests in the Lahtojoki diamond project located in the KuopioKaavi region in Finland; and the Seitaperä diamondiferous kimberlite pipe and the Riihivaara diamond projects situated in the Kuhmo area, Finland. The company also explores for nickel, copper, and platinum metals in Northern Ireland. Karelian Diamond Resources Plc was incorporated in 2004 and is headquartered in Dublin, Ireland.