Gem Diamonds (LON:GEMD) Share Price Crosses Above 200 Day Moving Average – Here’s What Happened

Gem Diamonds Limited (LON:GEMDGet Free Report) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 3.80 and traded as high as GBX 4.22. Gem Diamonds shares last traded at GBX 3.65, with a volume of 42,544 shares traded.

Gem Diamonds Stock Performance

The firm’s fifty day moving average price is GBX 3.65 and its 200-day moving average price is GBX 3.80. The company has a current ratio of 2.34, a quick ratio of 1.09 and a debt-to-equity ratio of 25.27. The company has a market cap of £5.12 million, a P/E ratio of -0.05, a P/E/G ratio of 0.18 and a beta of 1.23.

Gem Diamonds Company Profile

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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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