Shares of Gem Diamonds Limited (LON:GEMD – Get Free Report) shot up 20.3% during trading on Tuesday. The company traded as high as GBX 11.70 and last traded at GBX 11.25. 1,292,728 shares traded hands during mid-day trading, an increase of 84% from the average session volume of 703,226 shares. The stock had previously closed at GBX 9.35.
Gem Diamonds Price Performance
The firm has a market cap of £14.00 million, a P/E ratio of -0.15, a PEG ratio of 0.18 and a beta of 1.29. The company has a debt-to-equity ratio of 20.53, a current ratio of 2.38 and a quick ratio of 1.09. The company’s 50-day moving average is GBX 8.74 and its two-hundred day moving average is GBX 5.53.
Gem Diamonds Company Profile
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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