Gem Diamonds Limited (LON:GEMD – Get Free Report) shares were up 74.7% during mid-day trading on Thursday . The stock traded as high as GBX 6 and last traded at GBX 4.98. Approximately 18,255,744 shares changed hands during mid-day 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 Trading Up 3.9%
The company has a quick ratio of 1.09, a current ratio of 1.56 and a debt-to-equity ratio of 30.82. The company’s fifty day moving average price is GBX 3.11 and its two-hundred day moving average price is GBX 3.97. The firm has a market cap of £5.16 million, a PE ratio of -0.47, a P/E/G ratio of 0.18 and a beta of 1.51.
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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