Karelian Diamond Resources (LON:KDR) Stock Passes Below 200 Day Moving Average – Should You Sell?

Karelian Diamond Resources Plc (LON:KDR)’s share price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 0.57 and traded as low as GBX 0.50. Karelian Diamond Resources shares last traded at GBX 0.51, with a volume of 520,881 shares trading hands.

Karelian Diamond Resources Stock Performance

The company has a market capitalization of £1.01 million, a price-to-earnings ratio of -2.57 and a beta of 0.93. The stock’s 50 day moving average price is GBX 0.51 and its 200 day moving average price is GBX 0.57. The company has a current ratio of 0.06, a quick ratio of 0.11 and a debt-to-equity ratio of 1.29.

About Karelian Diamond Resources

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.