Gem Diamonds Limited (LON:GEMD – Get Free Report)’s stock price rose 74.7% during trading on Wednesday . The company traded as high as GBX 6 and last traded at GBX 4.98. Approximately 18,255,744 shares changed hands during trading, an increase of 1,556% from the average daily volume of 1,102,109 shares. The stock had previously closed at GBX 2.85.
Gem Diamonds Stock Up 74.7%
The firm has a market capitalization of £6.97 million, a price-to-earnings ratio of -0.64, a P/E/G 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 stock has a fifty day moving average of GBX 3.03 and a two-hundred day moving average of GBX 3.98.
About Gem Diamonds
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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