Gem Diamonds Limited (OTCMKTS:GMDMF – Get Free Report) was the target of a large drop in short interest in September. As of September 30th, there was short interest totaling 10,000 shares, a drop of 74.5% from the September 15th total of 39,190 shares. Based on an average daily volume of 1,855 shares, the days-to-cover ratio is currently 5.4 days.
Gem Diamonds Price Performance
GMDMF stock opened at $0.17 on Tuesday. Gem Diamonds has a 1 year low of $0.01 and a 1 year high of $0.18. The company has a fifty day simple moving average of $0.12 and a 200 day simple moving average of $0.08.
About Gem Diamonds
Gem Diamonds Limited is a diamond mining company focused on the exploration, recovery and sale of high-quality rough diamonds. Its principal asset is the Letšeng diamond mine in Lesotho, which the company operates through a joint venture with the Government of Lesotho. Letšeng is known for producing large, high-value diamonds and is regarded as one of the world’s highest-elevation diamond mines.
Gem Diamonds acquired its interest in Letšeng in 2006 and has since recovered several notable stones, including the 603-carat Lesotho Promise.
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